ACCT-212 Week 4 Quiz – 100% Correct Answers – Graded An A+ Flag this Question (TCO 4) The financial statements of a merchandising company will show the same accounts as the financial s tatements of a service company. gross profit after net income on the income statement. inventory as a current ...
This study source was downloaded by 100000882854223 from CourseHero.com on 03 -21-2024 02:28:21 GMT -05:00 https://www.coursehero.com/file/32529833/ACCT -212-Week -4-Quizdocx/ ACCT -212 Week 4 Quiz – 100% Correct Answers – Graded An A+ Flag this Question (TCO 4) The financial statements of a merchandising company will show the same accounts as the financial statements of a service company. gross profit after net income on the income statement. inventory as a current asset on the balance sheet. cost of goods sold as an operating expense on the income statement. Flag this Question (TCO 4) Two accounts that would appear on the financial statements of a merchandising company that are not needed by a service company are cost of goods sold and depreciation. cost of goods sold and net income. cost of goods sold and inventory. inventory and depreciation. Flag this Question (TCO 4) A small would most likely use a perpetual inventory system. automobile dealership fabric store restaurant flower shop Flag this Question (TCO 4) All of the following costs would be included in inventory except for freight -in. income taxes. taxes paid on the purchase price. insurance while in transit. Flag this Question Question 13 pts Question 23 pts Question 53 pts Question 43 pts Question 33 pts
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