Your Company Has 100 Units in Inventory,purchased at $16 Per

question 35

Multiple Choice

Your company has 100 units in inventory,purchased at $16 per unit,that could be replaced for $14.

• A)The company should credit cost of goods sold for $200.
• B)The company should debit cost of goods sold for $1,400.
• C)The company should credit inventory for $200.
• D)The company should debit inventory for $1,400.

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Definitions:

Radical Behaviorism

A theory in psychology that emphasizes the importance of external behaviors in studying and treating psychological disorders, considering learned behaviors as the main drivers of action.

Reinforcement

In psychology, a process of encouraging or establishing a pattern of behavior by offering rewards or positive outcomes.

Punishment

A consequence that decreases the likelihood of a behavior being repeated.

Breadwinner

Traditionally refers to the primary income earner in a household, responsible for supporting the family financially.