When the market is lower than cost, and the indirect method of recording the write-down is used, what account is credited?
a) a loss account
b) merchandise inventory
c) allowance to reduce inventory to market
d) cost of goods sold
Ans: c) allowance to reduce inventory to market
Business
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a) telephone surveys. b) drop-off surveys. c) mall-intercept surveys. d) in-office surveys.
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Examples of other government publications published by the federal government include all of the following except ________
A) Periodical Abstract B) Business Conditions Digest C) Statistical Abstract of the United States D) Survey of Current Business
Business