Match the Terms with the Definitions

question 85

Multiple Choice

Match the terms with the definitions.
-The cost to replace inventory at the prevailing purchase price.

• A)average cost
• B)conservatism
• C)perpetual inventory system
• D)market value
• E)consignor
• F)consistency
• G)cost
• H)first-in, first-out method
• I)gross profit method
• J)last-in, first-out method
• K)inventory sheet

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Definitions:

Atelectasis

A condition in which the lung or a part of the lung collapses, preventing respiratory exchange of carbon dioxide and oxygen.

Lungs

The pair of respiratory organs in the chest where blood is oxygenated and carbon dioxide is removed.

Dilation

The process of expanding or widening an opening or structure in the body, often referring to blood vessels, the pupil of the eye, or the cervix during childbirth.

Collapse

The sudden failure or loss of strength leading to a fall or the falling in of something, such as a structure.