Explain the way in which costs flow through the merchandise inventory account to a merchandiser's income statement.
What will be an ideal response?
Beginning inventory plus the net cost of purchases is the merchandise available for sale. As inventory is sold, its cost is recorded in cost of goods sold on the income statement. What remains is the ending inventory on the balance sheet. A period's ending inventory becomes the next period's beginning inventory.
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Which of the following is not one of the Excel tools described as useful for data analytics?
A. Tableau. B. Power Pivot. C. Slicers. D. Calculated Field.
In some circumstances, a shareholder may petition a court to have the corporation dissolved.
Answer the following statement true (T) or false (F)
(I) The primary issuers of capital market securities are financial institutions
(II) The largest purchasers of capital market securities are corporations. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.
A BI reporting system ________
A) creates meaningful information from disparate data sources. B) delivers information to users on a timely basis. C) uses statistical procedures to predict future events. D) Both A and B are correct