35 36 Question 36It is used to settle an obligation arising from purchase of goods or services as a substitute for money.O official receiptcheckpromissory noteO Withdrawal slip Question 35The following are examples of companies engaged primarily in the merchandising business, exceptAladdin Dental ClinicAling Tinay's Sari-sari StoreRobinsons Department StoreWinston Hardware

Hi student Since there are multiple questions, we will answer only first question.

Answered: Question 36 is used to settle an…

Question 36 is used to settle an obligation arising from purchase of goods or services as a substitute for money. O official receipt O check O promissory note D Withdrawal slip

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.20MCE

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

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35 36

Question 35
The following are examples of companies engaged primarily in the merchandising business, except
Aladdin Dental Clinic
Aling Tinay's Sari-sari Store
Robinsons Department Store
Winston Hardware

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