Which of the Following Is True of Normal Shortages

question 133

Multiple Choice

Which of the following is true of normal shortages?

• A) it is ignored in the income statement of a company.
• B) it is deducted from both the cost and retail columns.
• C) These goods are no longer available for sale.
• D) This loss is considered in calculating cost-to-retail ratio.

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Definitions:

Nasogastric Tube

A flexible tube inserted through the nose into the stomach, used for feeding or removing stomach contents.

Navel

The scar in the center of the abdomen, also known as the belly button, which marks the area where the umbilical cord was attached in utero.

Measurement Technique

A method or procedure used to quantify characteristics or parameters in a systematic and standard way, ensuring accuracy and reliability.

Cramping

Painful, involuntary muscle contractions that can occur in various parts of the body and are often caused by overuse, dehydration, or electrolyte imbalances.