Which One of the Following Statements Is True

question 72

Multiple Choice

Which one of the following statements is true?

• A)Until goods are sold by the consignee, the consignor includes the goods in his/her inventory at cost less handling and shipping costs incurred in the delivery to the consignee.
• B)When goods are sold on an installment plan, the seller retains title and continues to include them on his/her balance sheet until full payment has been received.
• C)Title to goods may not pass before shipment occurs.
• D)In accounting for inventory, economic substance should take precedence over legal form.

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Definitions:

Stress

Stress is the body's response to any demand or challenge, which can be physical, mental, or emotional, ranging from beneficial to detrimental effects.

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells.

Vulnerable

Describes a state of being open to harm, damage, or emotional hurt, either physically or emotionally, due to various conditions or circumstances.

Posttraumatic Stress Disorder

A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event, characterized by severe anxiety, flashbacks, and uncontrollable thoughts about the event.