Which One of the Following Statements Is Not True Concerning

question 23

Multiple Choice

Which one of the following statements is not true concerning the retail inventory method?

• A)In arriving at a cost-to-retail ratio, sales discounts are deducted from goods available for sale to determine ending inventory at retail.
• B)Employee discounts are subtracted from goods available for sale to compute ending inventory at retail.
• C)Abnormal inventory spoilage would be subtracted at both cost and retail in the determination of goods available for sale.
• D)Purchase returns and allowances must be subtracted from both the cost and retail value of the purchases.

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Definitions:

Research Method

A systematic approach to investigating questions, testing hypotheses, and evaluating outcomes through structured procedures.

Particular Behavior

Specific actions or reactions exhibited by an individual in response to a given situation or stimulus.

Longitudinal Research

A research design that involves repeated observations of the same variables over short or long periods of time to detect changes, developments, or stability.

Aging

The process of becoming older, a physiological progression that results in changes in the body over time.