The Cutoff Assertion for Sales Means _______

question 81

Multiple Choice

The cutoff assertion for sales means _______.

• A)that transactions have been recorded in the proper accounting period
• B)that the auditor should check to make sure sales are being shipped to the correct client customers
• C)that transactions are being recorded in the correct accounts
• D)that sales should be limited to certain clients who may not have the ability to pay

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Absorption Cost

An accounting method that assigns all manufacturing costs (both fixed and variable) to products, making them fully absorbed into the cost of goods sold.

Fixed Overhead

The portion of a company's fixed costs that are not directly tied to production levels, such as rent and insurance.

LIFO Reserve

The difference between the cost of inventory calculated under the Last-In, First-Out method and the FIFO method.

LIFO

Last-In, First-Out, an inventory management method where the most recently produced or acquired items are sold first.