Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me Question 18 The factor which determines whether or not goods should be included in a physical count of inventory is physical possession.

Please help me

Question 18

The factor which determines whether or not goods should be included in a physical count of inventory is

  1. physical possession.
  2. legal title.
  3. management's judgement.
  4. whether or not the purchase price has been paid.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting For Dummies

Authors: Mark P Holtzman, Karen Schoenebeck

1st Edition

1118116429, 978-1118116425

More Books

Students also viewed these Accounting questions

Question

Is there any other possible conclusion?

Answered: 1 week ago

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago