True/False Indicate whether the statement is true or false. 1. As we compare a merchandise business...

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True/False Indicate whether the statement is true or false. 1. As we compare a merchandise business to a service business, th

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1.False . The Financial statement that changes the most is the Income Statement.

2.False.It includes bot Business Financial and operating information

3.False The same can be directly recorded in specialized journals.

4.False.Not only administrative , but also selling and cost of goods will be reduced to provide operating income

5.True.Inventory control requires proper upkeep and maintenance of proper records.

6.False .Only under Perpetual inventory system the merchandise inventory account continuously discloses the amount of inventory on hand.

7.True.

8.True.Money order is secure way of sending prepaid cash

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Indicate whether each statement is true or false by selecting the appropriate circle. Statement True False...

Indicate whether each statement is true or false by selecting the appropriate circle. Statement True False...