Which of the Following Is True of Objective Evidence

question 96

Multiple Choice

Which of the following is true of objective evidence?

• A) Objective evidence refers to information that is not influenced by personal feelings.
• B) Objective evidence refers to information that is influenced by personal feelings,beliefs,intuitions,or opinions.
• C) Because objective evidence relies on beliefs,personal experience,or intuition it is not important for critical thinking.
• D) There is no difference between personal beliefs and objective evidence;both are equally important for critical thinking.

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Definitions:

Freight-in

The cost of shipping goods to the buyer's location, which is often included in the inventory cost.

Supplies Expense

The cost associated with the consumption of supplies utilized during an accounting period in the operation of a business.

Sales Discounts

A reduction in the price of a product or service provided by the seller to the buyer, often used as an incentive to encourage prompt payment or to increase sales volume.

Net Sales

The revenue from sales transactions after deductions of returns, allowances for damaged or missing goods, and discounts.