Multiple Choice
When calculating accounts payable turnover,if there is not a material difference between the company's beginning inventory and ending inventory,then:
A) an adjustment still must be made for the difference to reduce or increase purchases.
B) it should just be noted in the footnotes.
C) it is not necessary to adjust for the inventory.
D) an adjustment still must be made for the difference to reduce cost of goods sold.
Correct Answer:
Verified
Correct Answer:
Verified
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