The use of a discounts lost account implies that the recorded cost of a purchased inventory item is its
a. invoice price.
b. invoice price plus the purchase discount lost.
c. invoice price less the purchase discount taken.
d. invoice price less the purchase discount allowable whether taken or not.
D
You might also like to view...
________ marketing is practiced by an organization that understands and anticipates customer needs even better than customers themselves do and creates products and services to meet current and future needs
A) Customer-driven B) Customer-driving C) Affinity D) Societal E) Ambush
Active sentences are usually more dynamic than passive sentences and generally have more _____________
a. impact b. accuracy c. response d. voice
The one advantage of the direct write-off method is that it:
a. is simple to apply. b. requires several calculations to determine. c. is not required for tax purposes. d. can be used along with the allowance method. e. none of the above.
Researchers studied 363 members of self-managed teams from 12 companies in Spain. Consistent with their hypotheses, they found that the high care variables _______________.
a. were positively related to knowledge transfer and creation b. were positively related to organizational citizenship behaviors c. were positively related to employee job satisfaction d. were positively related to the amount of self-leadership practiced by employees