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NEW QUESTION: 1
When a perpetual inventory system is used and a difference exists between the perpetual inventory amount balance and the physical inventory count. a separate entry is needed to adjust the perpetual inventory amount. Which of the following demonstrates that adjusting entry?
A. Extraordinary loss due to write-down of inventory Allowance for inventory shortages
B. Cost of goods sold Retained earnings appropriated for shortages
C. Inventory over and short Inventory
D. Extraordinary loss due to write-down of inventory
Answer: C
Explanation:
The entry to record a write-down is a debit to inventory over and short and a credit to inventory. This amount is reported as an adjustment of cost of goods sold or as an other expense on the income statement.
NEW QUESTION: 2
Northern Trail Outfitters is setting up new hires on its instance of Marketing Cloud, which includes Email Studio, Mobile Connect, and Social Studio. One of the hires needs to manage the operations of all of the North American Business Units.
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Choose 2 answers
A. Marketing Cloud Administrator
B. Marketing Cloud Email Marketing Manager
C. Marketing Cloud Regional or Local Administrator
D. Marketing Cloud Channel Manager
Answer: A,D
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B. Web server
C. Proxy server
D. Intrusion detection server
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NEW QUESTION: 4
A. Option B
B. Option D
C. Option C
D. Option A
Answer: B
Explanation:
Explanation
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