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.

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Definitions:

Nurse and Physician

Professional healthcare providers with different roles; nurses focus on patient care and comfort, while physicians diagnose and treat diseases and injuries.

Diagnostic Label

A term or phrase used by healthcare providers to categorize and identify a specific medical condition or disorder.

Client Goals

Targets or outcomes that a client aims to achieve, often set in a therapeutic or service provision context.

Cue Clusters

Sets of related assessments or observations that together indicate a specific health problem or nursing diagnosis.