Which of the Following Is a Reason Why the Specific

question 145

Multiple Choice

Which of the following is a reason why the specific identification method may be considered ideal for assigning costs to inventory and cost of goods sold?

• A) The potential for manipulation of net income is reduced.
• B) There is no arbitrary allocation of costs.
• C) The cost flow matches the physical flow.
• D) Able to use on all types of inventory.

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Definitions:

Parietal Lobe

A region of the cerebral cortex involved in processing sensory information regarding the location of parts of the body as well as for navigation and understanding numerical information.

Migratory Behavior

The seasonal movement of animals from one region to another for breeding, feeding, or other reasons.

Evolutionary Explanation

An approach in psychology that seeks to understand the mental and psychological traits—such as memory, perception, or language—as adaptations, i.e., as the functional products of natural selection.

Mechanistic Explanation

An explanation of phenomena in terms of the system's physical or mechanical parts and how they interact.