The purchases method of accounting is permitted for 1. Materials and supplies. 2. Prepaid insurance. 3. Leases.

Question:

The purchases method of accounting is permitted for 1. Materials and supplies.
2. Prepaid insurance.
3. Leases.
4. Both

a. and b.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: