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Save Answer QUESTION 39 2 points Problem #2 Inventory cut-off Questions 39.44. (2 Points Each)...

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Save Answer QUESTION 39 2 points Problem #2 Inventory cut-off Questions 39.44. (2 Points Each) Brady Company sells TVs. The perpetual inventory was stated as $38,500 on the books at December 31, 20X4. At the close of the year, a new approach for compiling inventory was used and apparently a satisfactory cut-off for preparation of financial statements was not made. Select one of the following for each of the following events to correctly state inventory at December 31, 20x4. TVs shipped to a customer January 2, 20X5, costing $5,000 were included in inventory at December 31, 20X4. The sale was recorded in 20X5. O A. Add to inventory per books B. Deduct from inventory per books OC. No adjustment necessary Save Answer QUESTION 40 2 points TVs costing $12,000 received December 30, 20X4, were recorded as received on January 2, 20X5. A. Add to inventory per books B. Deduct from inventory per books C. No adjustment necessary Save Answer QUESTION 41 2 points TVs received during 20x4 costing $4,600 were recorded twice in the inventory account. A Add to inventory per books B. Deduct from inventory per books C No adjustment necessary Cote Window Save and Sub

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