Multiple Choice
Which of the following would probably NOT need to be disclosed in a footnote?
A) A change of inventory methods
B) A material change in estimated shrinkage
C) A change in depreciation method
D) A 10% increase in sales
E) The accounting policy used
Correct Answer:
Verified
Correct Answer:
Verified
Q111: What are the two things about inventory
Q112: Which of the following is an INCORRECT
Q113: If Period 1 ending inventory is overstated,
Q114: The LEAST widely used of the inventory
Q115: Goods available for sale are $40,000; beginning
Q117: Compare the effects of the different costing
Q118: Journalize the following transactions using the perpetual
Q119: A company has $8,200 in net sales,
Q120: Which of the following would NOT cause
Q121: The inventory turnover ratio is normally computed