The specific identification method is acceptable only when the actual cost of individual units of merchandise can be determined from the accounting records

This individual practices a "live and let live" style of leadership.

a. Appointed leader b. Democratic leader c. Laissez-faire leader d. Emergent leader e. Autocratic leader

Freight out is an addition to the Merchandise Inventory account if the seller uses the perpetual inventory system

Indicate whether the statement is true or false