Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2016 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2016 . Park paid the amount due on June 13, 2016. Park uses a perpetual inventory system. When will the cost of
merchandise sold be recorded as an expense?
a. The end of the accounting period
b. The date the merchandise was purchased
c. The date the merchandise is sold
d. Cannot be determined without further information
c
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What do you consider to be the worst mistake a speaker could make in the use of visuals? Explain