Money on paper for the purchase and the inventory on

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money on paper for the purchase and the inventory on hand is now less. Horngren, C., Harrison W. &Oliver, M. (2012). Accounting (9th ed.). Upper Saddle River, NJ: Pearson Prentice Hall. ACC 205 Week 3 Quiz (10 Multiple Choice) These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 3/3/2012 Time Spent: 4 h , 34 min , 38 secs Points Received: 9 / 10 (90%) Question Type: # Of Questions: # Correct: True/False 2 2 Multiple Choice 8 7 Grade Details
1. Question : The following data is available: Net sales, first month $13,000 Normal gross profit 45% Beginning inventory 8,000 Net purchases 7,000 Using the gross profit method, the Cost of goods sold would be:
Points Received: 1 of 1 Comments: 2. Question : Which of the following assets does a merchandising company—but NOT a service company—need? 1783945613 MultipleChoice 19 True 0 1783945613 MultipleChoice 19
Points Received: 1 of 1 Comments: 1783945614 MultipleChoice True 0 1783945614 1
1783945615 MultipleChoice 13 True 0 1783945615 MultipleChoice 13 1783945616 TrueFalse 5 True 0 1783945616 TrueFalse 5 1783945617 MultipleChoice 2 True 0 1783945617 MultipleChoice 2

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