Four Boys Read This Line from a Story: "The Two

question 35

Multiple Choice

Four boys read this line from a story: "The two men entered the restaurant and ordered hamburgers."
Which one of the boys is clearly using a script while reading the story?

• A) Alex assumes that the men looked at a menu before ordering.
• B) Bob is guessing that the men probably have evil motives.
• C) Colin wonders what the men look like.
• D) Devon thinks that the men should make more healthful choices.

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Definitions:

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made periodically, typically at the end of an accounting period, rather than after each transaction.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for that period.

Periodic Inventory System

An inventory system where inventory levels and cost of goods sold (COGS) are updated in the accounting records at the end of an accounting period.