At the End of the Month BBB Ltd Determined That

question 35

Multiple Choice

At the end of the month BBB Ltd determined that the cost to them of goods that had been sold during the month was $125,000.How would this information be recorded?

• A)The information is not recorded as no economic event had taken place.
• B)A decrease in inventory of $125,000 and an increase in expenses of $125,000.
• C)An increase in inventory of $125,000 and a decrease in cash of $125,000.
• D)An increase in expenses of $125,000 and an increase in accounts payable of $125,000

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Definitions:

Societal Sources Of Injustice

Factors within a society that contribute to unfairness and inequality, such as discrimination, economic disparities, and institutional biases.

Individualistic Societies

Societies characterized by a cultural orientation that emphasizes personal goals, autonomy, and individual achievement over group goals.

Social Justice Approach

An approach that seeks to understand and address issues of inequality and injustice in society, focusing on the distribution of wealth, opportunities, and privileges.

Types Of Prevention

Various methods or interventions used to prevent disease or injury, typically categorized as primary, secondary, and tertiary prevention.