Match the Following Terms with the Descriptions Below

question 167

Multiple Choice

Match the following terms with the descriptions below.
-Major mineral

• A)Mineral required in the diet in amounts greater than 100 milligrams per day
• B)A mineral that is required in the diet in amounts less than 100 milligrams per day
• C)The degree to which the amount of an ingested nutrient is absorbed and is available to the body
• D)Organic compound needed in small amounts in the diet to help regulate and support chemical reactions and processes in the body
• E)A mineral present in the human diet in trace amounts but that has not been shown to be essential to human health

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Definitions:

Merchandise Purchases

Transactions involving the buying of goods intended for sale, usually in a retail or wholesale context.

Ending Merchandise Inventory

The value of goods available for sale at the end of an accounting period, before any year-end adjustments.

Accrued Salaries Expense

Refers to the salaries that have been incurred by the business but have not yet been paid or recorded in the financial statements.

Completed-Contract Method

An accounting method used where revenue and profit are deferred until a contract is completed, particularly useful in long-term projects.