Under the perpetual inventory system, in addition to making the entry to record a sale, a company would
A) record an increase in inventory corresponding to the amount of the sale.
B) record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.
C) record an increase in inventory corresponding to the cost of the inventory.
D) make no additional entry until the end of the period.
B
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A responsibility of the chief information officer is
A. limiting information exchanged through the company grapevine. B. finding new ways to produce old products. C. identifying ways that technology can support the company's strategy. D. gaining unauthorized access to proprietary information of competitors. E. ensuring that employees have no access to information from outside the organization.
Identify the basic job of a President of the United States, the source of executive power, and three key powers associated with the position of President
What is the essential element in determining who bears the risk of loss of goods?
A) The party producing the goods bears the risk of loss. B) Risk of loss follows the cash in a transaction. C) Contracts attempting to shift the risk of loss are void due to illegality. D) The party with control over the goods bears the risk of loss.
Believers in efficient markets tend to explain away market anomalies as
I. random occurrences that create an illusion of causality. II. errors resulting from inaccurate measures of risk. III. the result of illegal price manipulation by corporate insiders. IV. the effect of normal human emotions such as fear and greed. A) I and II only B) I, II and III only C) I and III only D) I, II, III and IV