If $4,000 Was the Beginning Inventory, $10,000 in New Inventory

question 7

Multiple Choice

If $4,000 was the beginning inventory, $10,000 in new inventory purchases were made and the cost of goods sold were $7,000. How much was ending inventory last accounting period?

• A) $7,000
• B) $4,000
• C) $14,000
• D) $3,000

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Definitions:

Positive Amount

A positive amount refers to a quantity greater than zero, used in various contexts to denote a non-negative, beneficial, or additive value.

Pollution Per Day

A measure of the total amount of pollution emitted in a single day, which can be measured in terms of particulate matter, carbon emissions, or other pollutants.

Firm A

Placeholder name commonly used to refer to a hypothetical or specific company in economic models or discussions.

Emissions Tax

A tax imposed on the emission of pollutants, aimed at reducing environmental harm.