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lana [24]
3 years ago
11

In a perpetual inventory system, when merchandise is returned to the supplier, cost of merchandise sold is debited as part of th

e transaction.
Business
1 answer:
kvv77 [185]3 years ago
5 0
A perpetual inventory system is an effective means of control over inventory. When a sale is made, under this system, both the sale and cost of merchandise sold are recorded. In case that merchandise is returned to the supplier, the Cost of Merchandise Sold is not debited as part of the transaction. Therefore the above statement is FALSE.

 





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The correct answer is option D.

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A 3-year bond has an 8.0% coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10%, calculate the price
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