Use the Following Information for Questions

question 93

Multiple Choice

Use the following information for questions.
Tehran Ltd.uses FIFO to cost its inventory.The following information is available for Tehran's inventory of product # 101:
-Assuming Tehran uses the periodic inventory system, the entry to account for the March 1 purchase is

• A)debit Inventory and credit Accounts Payable, $875.
• B)debit Purchases and credit Accounts Payable, $875.
• C)debit Accounts Payable and credit Purchases, $875.
• D)debit Accounts Payable and credit Inventory, $875.

---

Definitions:

Exposure Therapies

Therapeutic techniques that involve confronting fears or traumas directly to reduce their psychological impact.

Trauma-Related Disorders

Psychological disorders that are directly linked to the experience of traumatic events, such as PTSD (Post-Traumatic Stress Disorder).

Alternative Therapies

Various treatment approaches that fall outside mainstream or conventional medicine, often including practices like acupuncture, herbal medicine, and meditation.

Medication Therapies

Treatments involving the use of drugs or pharmaceuticals to manage or cure diseases, conditions, or symptoms.