Merchandise that was purchased on the account was accepted by the orion company. as of december 31, orion had recorded the transaction using the periodic method but did not include the merchandise in its inventory. what would be the effect of this on the financial statements for december 31?

In the balance sheet the assets would be understated, merchandise inventory would be lower, which would unbalance the balance sheet. The transaction was already recorded, so accounts payable increased.

If the merchandise was not sold yet, then the income statement wouldn't be altered, but if the merchandise was sold then the COGS could have been understated, resulting in income overstating.

dual credit courses allow you to take a test at the end of the course that, if you pass it with a high enough score, will give you college credit.

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.