Author Question: Smith Co keeps a continuous record of their inventories and costs of goods. This is an example of a: ... (Read 54 times)

kfurse · **on:** Jul 6, 2018

Smith Co keeps a continuous record of their inventories and costs of goods. This is an example of a:
a. Perpetual Inventory System
b. Periodic Inventory System
c. Continuous Inventory System
d. Re-evaluation Inventory System

Question 2

Expenses and expenditures are least likely to differ in amount for which type of transactions?

a. Salaries.
b. Capital asset purchases.
c. Debt principal retirements and interest.
d. Depreciation on capital assets.

thall411 · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

a

Answer to Question 2

A

Author Question: Smith Co keeps a continuous record of their inventories and costs of goods. This is an example of a: ... (Read 54 times)

kfurse

Smith Co keeps a continuous record of their inventories and costs of goods. This is an example of a: ...

thall411

Smith Co keeps a continuous record of their inventories and costs of goods. This is an example of a: ...

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