Under the perpetual inventory system, when a purchaser makes payment within the discount period, the amount of discount will be credited to the Merchandise Inventory account

Which one of the following investments is least applicable to retirement savings for someone in their 20s?

A) 529 savings plan B) Roth IRA C) traditional IRA D) 401(k) plan E) stock mutual fund

Typically, when determining the appropriate audit procedures to perform for debt accounts, the auditor will usually decide to test debt obligations, including interest, using only substantive procedures

a. True b. False Indicate whether the statement is true or false