If Cost of Goods Sold Is $145,000 and the Beginning

question 40

Multiple Choice

If cost of goods sold is $145,000 and the beginning and ending inventory balances are $18,000 and $13,000,respectively,the net purchases of inventory are:

• A)$145,000
• B)$140,000
• C)$150,000
• D)$132,000

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Definitions:

Added Motivation

Additional drive or incentive that encourages an individual to pursue a goal or engage in a specific behavior.

Withdrawal

The action of removing oneself from participation or engagement in a particular situation or relationship, often as a coping strategy.

Behavioural Reaction

The observable response or action of an individual or group in response to external or internal stimuli.

Defence Mechanisms

Psychological strategies employed by individuals to cope with reality and maintain self-image.