When Preparing an Unadjusted Trial Balance Using a Periodic Inventory

question 161

Multiple Choice

When preparing an unadjusted trial balance using a periodic inventory system, the amount shown for Merchandise Inventory is:

• A) The ending inventory amount.
• B) The beginning inventory amount.
• C) Equal to the cost of goods sold.
• D) Equal to the cost of goods purchased.
• E) Equal to the gross profit.

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Definitions:

Behavior

The actions or reactions of an object or organism, usually in relation to the environment or surrounding.

Breakdown Theory

A sociological theory suggesting that social breakdown and disorganization lead to the emergence of deviant behavior and social problems.

Traditional Norms

Established rules and behaviors within a society that are passed down through generations, often based on cultural or religious practices.

Disruption

A significant disturbance or interruption to the normal flow or continuity of a system, process, or activity, often leading to change or innovation.