Possible Reasons for a Business Estimating the Value of the Ending

question 91

Multiple Choice

Possible reasons for a business estimating the value of the ending inventory should include:

• A)the inventory is destroyed by fire.
• B)the business uses periodic system and needs to prepare interim financial statements.
• C)the business uses perpetual system so a physical inventory is never needed.
• D)Both A and B are correct.

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Definitions:

Street Harassment

Unwanted comments, gestures, and actions forced upon a stranger in a public place without their consent.

Verbal Harassment

The use of words to cause harm to the person being spoken to, including threats, insults, or offensive language.

Flashing

Flashing is the act of briefly exposing parts of the body that are typically covered, often for shock value, protest, or sexual exhibitionism.

Negotiations

The process by which two or more parties communicate and compromise to reach an agreement.