56. Which is true concerning the direct extension method of showing inventories in the worksheet? * A. Beginning inventory is extended to the credit side of the Balance Sheet and debit side of the...


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56. Which is true concerning the<br>direct extension method of showing<br>inventories in the worksheet? *<br>A. Beginning inventory is extended to the<br>credit side of the Balance Sheet and debit<br>side of the income statement<br>B. Ending inventory is extended to the<br>Balance Sheet debit and Income Statement<br>credit<br>C. Beginning inventory is extended to<br>Income Statement debit while Ending<br>inventory is extended to Balance Sheet<br>debit and Income Statement credit.<br>D. Ending inventory is extended to the<br>Balance Sheet debit while Beginning<br>inventory is extended to Balance Sheet<br>credit and Income Statement debit.<br>

Extracted text: 56. Which is true concerning the direct extension method of showing inventories in the worksheet? * A. Beginning inventory is extended to the credit side of the Balance Sheet and debit side of the income statement B. Ending inventory is extended to the Balance Sheet debit and Income Statement credit C. Beginning inventory is extended to Income Statement debit while Ending inventory is extended to Balance Sheet debit and Income Statement credit. D. Ending inventory is extended to the Balance Sheet debit while Beginning inventory is extended to Balance Sheet credit and Income Statement debit.

Jun 02, 2022
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