Harder Corporation Uses the Perpetual Inventory Method

question 31

Multiple Choice

Harder Corporation uses the perpetual inventory method.On March 1, it purchased $30,000 of inventory, terms 2/10, n/30.On March 3, Harder returned goods that cost $3,000.On March 9, Harder paid the supplier.On March 9, Harder should credit

• A)purchase discounts for $600.
• B)inventory for $600.
• C)purchase discounts for $540.
• D)inventory for $540.

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Definitions:

Theory of Planned Behavior

An extension of the Theory of Reasoned Action, adding the aspect of perceived behavioral control to predict an individual's intention to engage in a behavior given the opportunity.

Behavioral Control

The regulation of individual behavior through various forms of influence and intervention.

Behavioral Intentions

Relate to an individual's plans or readiness to perform a particular behavior, influenced by personal attitudes and social norms.

Organization

Pertains to the structured arrangement of components or people within a system designed to achieve a set of objectives.