Which one of the following statements is false?
a. The inventory account is updated after every sale and after every merchandise purchase under the perpetual inventory system.
b. The inventory account is updated only at the end of the accounting period under the periodic inventory system.
c. A purchases account is used only under the periodic inventory system.
d. A cost of goods sold account is updated after each sale of merchandise under the periodic inventory system.
d
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Bruno Servers has decided to decrease its prices on its popular higher-range servers. The company can reasonably expect ________ to increase
A) fixed costs B) variable costs C) demand D) additional value E) overhead costs
Which of the following is/are not true regarding a manufacturing firm?
a. A manufacturing firm incurs costs as it produces goods by changing the physical form of raw materials. b. The product costs for a manufacturing firm are the costs incurred in manufacturing goods for sale. c. The costs to produce finished goods inventory for a manufacturing firm do not become expenses until the firm sells the product. d. Prior to sale, the production costs of a a manufacturing firm represent the transformation of assets from one form into another. e. Product costs for a manufacturing firm are treated as period costs during the period that the inventory is finished and ready for sale.
Give an example of a tradeoff between monetary and non-monetary costs associated with patronizing a dental clinic
What will be an ideal response?
Which of the following represents the structure of a typical organization?
A. Cube B. Pyramid C. Circle D. Flat line