Adams Company Is a Retailer and Uses a Perpetual Inventory

question 159

Multiple Choice

Adams Company is a retailer and uses a perpetual inventory system.Which statement is correct?

• A)Returns of merchandise by Adams Company to a manufacturer are credited to Inventory.
• B)Freight paid to get merchandise to Adams Company's store is debited to Freight Expense.
• C)A return of merchandise by one of Adams Company's customers is credited to Inventory.
• D)Discounts taken by Adams Company's customers are credited to Inventory.

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Definitions:

Planning Experience

The process of defining goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Executive Presence

A certain aura—that the salesperson is perceived as possessing a quality of professionalism, ability, and authority.

Sales Managers

Professionals responsible for directing and overseeing a sales team to meet or exceed sales targets within a business.

Gravitas And Influence

The combination of seriousness, dignity, and impact that makes a person persuasive and commanding in respect.