those three questions please

Shrinkage occurs when the actual inventory in the store is greater than the inventory shown in the company's accounting records. True False Question 2 (0.5 points) Listen When inventory is sold, it moves from the balance sheet to an expense (cost of goods sold) on the income statement. True False Question 3 (0.5 points) Listen When calculating the discount for early payment of goods purchased, you must make sure to reduce the inventory balance for any good returned or allowances received. True False