Which of the Following Information Concerning Inventory Is Not Required

question 39

Multiple Choice

Which of the following information concerning inventory is not required to be disclosed in the external financial reports?

• A)Finished goods
• B)Work in process
• C)Inventory turnover ratio
• D)Method of valuation,
• E)g.FIFO,weighted average

---

Definitions:

Future Incomes

Refers to the earnings or revenue that an individual or entity expects to receive in a future period.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by GDP.

Full Potential

The maximum capability or level of achievement an individual, organization, or system can reach based on its inherent qualities and resources.

Savings Rate

is the proportion of disposable income that is saved rather than spent by individuals or households.