Which of the Following Terms Have the Same Extension

question 160

Multiple Choice

Which of the following terms have the same extension?

• A) Pound of iron, pound of feathers.
• B) Sacramento, capital of California.
• C) North Pole, South Pole.
• D) Pint of water, pint of lemonade.
• E) New York City, Los Angeles.

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Definitions:

Periodic Inventory Method

An accounting method that records inventory purchases and sales periodically, typically at the end of an accounting period.

Repairs Expense

The cost associated with fixing or restoring property, equipment, or machines to their original condition, considered an expense on the income statement.

Store Equipment

Fixed assets like shelves, registers, and computers used in the operation of a retail store.

Periodic Inventory Method

An accounting method where inventory is physically counted and valued at specific intervals.