Computers for You Is a Retailer Specializing in Selling Computers

question 200

Multiple Choice

Computers For You is a retailer specializing in selling computers and related equipment. During 2014, Computers For You sells $200,000 of merchandise to Sandcastles, Inc. Computers For You incurs $24,000 of freight costs associated with these sales. Which of the following is true regarding how this $24,000 is treated on the financial statements?

• A) Computers For You will report the $24,000 as part of inventory on the statement of financial position.
• B) Sandcastles, Inc. will report the $24,000 as part of inventory on the statement of financial position.
• C) Computers For You will report the $24,000 as part of operating expenses on the income statement.
• D) Sandcastles, Inc. will report the $24,000 as an accounts receivable on the statement of financial position.

Differentiate sociology from philosophy and psychology through Durkheim's lens.

Identify the forms and significance of material and nonmaterial social facts.

Apprehend how academic disciplines interacted with the development of sociology as a science.

Grasp the modifications to Durkheim's theories by Anthony Giddens, especially regarding societal cohesion.

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Definitions:

Maturation

The process of development in which an individual matures or reaches full functionality and growth, influenced by genetic factors more than by environmental ones.

Genetic Predispositions

The inherited genetic patterns that can influence an individual's likelihood of developing certain diseases, conditions, or traits.

Maternal Smoking

Cigarette smoking by pregnant women and its potential harm to the developing fetus, including health risks after birth.

Miscarriage

The spontaneous loss of a fetus before it is viable, typically before the 20th week of pregnancy.