When Using the Periodic Inventory System, Which of the Following

question 96

Multiple Choice

When using the periodic inventory system, which of the following generally would not be separately accounted for in the computation of cost of goods sold?

• A) Trade discounts applicable to purchases during the period
• B) Cash (purchase) discounts taken during the period
• C) Purchase returns and allowances of merchandise during the period
• D) Cost of freight-in for merchandise purchased during the period

---

Definitions:

Managed Care

A health care delivery system designed to manage cost, utilization, and quality, where care is delivered under established guidelines and oversight by a managing organization.

Patient Confidentiality

The ethical and legal duty of healthcare providers to protect the privacy of patients' personal and health information.

Password Security

Practices and measures taken to protect passwords from unauthorized access and ensure account safety.

Computer Security

Measures and controls that ensure confidentiality, integrity, and availability of information system assets including hardware, software, and informational data.