Which of the Following Is Correct

question 93

Multiple Choice

Which of the following is correct?

• A)The raw materials inventory account is used to record inventory purchased by a retailer for resale.
• B)Work in process is an expense account used by a manufacturing company.
• C)Finished goods is an asset account used by a manufacturing company to record the cost of inventory ready for sale.
• D)Retailers use a purchases account to record raw materials inventory.

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Definitions:

Cord Blood

Blood that remains in the placenta and attached umbilical cord after childbirth, rich in blood-forming stem cells and used in medical treatments.

Fresh Blood

Blood that has recently been shed and is characterized by its bright red color due to its oxygen content.

Mechanical Ventilation

A life-support technique that assists or replaces spontaneous breathing by providing a mechanical flow of air/oxygen into and out of the lungs.

Respiratory Distress Syndrome

A serious condition that affects the lungs, making it difficult to breathe, most commonly seen in premature infants.