Under the Periodic Inventory System,in Addition to Making the Entry

question 16

Multiple Choice

Under the periodic inventory system,in addition to making the entry to record a sale,a company would:

• A)debit Merchandise Inventory and credit Cost of Goods Sold.
• B)debit Cost of Goods Sold and credit Merchandise Inventory.
• C)debit Cost of Goods Sold and credit Purchases.
• D)make no additional entry.

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Definitions:

Inclusion

Children with disabilities educated in a general education classroom setting as much as the disability will allow.

Exceptional Needs

Special or additional requirements for individuals, particularly in the context of education, due to physical, emotional, or cognitive differences.

Rosa's Law

A law signed in 2010, changing references from "mental retardation" to "intellectual disability" in U.S. federal laws, promoting respect and dignity.

Intellectual Disability

A condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, covering many everyday social and practical skills.