Which of the Following Is Not Something That John Maynard

question 412

Multiple Choice

Which of the following is not something that John Maynard Keynes ​used to describe an economist?

• A)​He must be a mathematician, historian, statesman, and philosopher in some degree.
• B)​He must understand symbols and speak in words.
• C)​He must only contemplate in abstract and general terms.
• D)​He must study the present in light of the past for purposes of the future.

Comprehend the process of recording sales returns, purchase returns, and related adjustments in inventory accounting.

Describe the characteristics and application of perpetual and periodic inventory systems.

Identify the impact of freight charges on inventory cost under different inventory systems.

Recognize the distinction and application of FIFO, LIFO, weighted-average, and specific invoice inventory valuation methods.