Which of the Following Items Does Not Result in an Adjustment

question 91

Multiple Choice

Which of the following items does not result in an adjustment in the merchandise inventory account under a perpetual system?

• A) A purchase of merchandise.
• B) A return of merchandise inventory to the supplier
• C) Payment of freight costs for goods shipped to a customer
• D) Payment of freight costs for goods received from a supplier

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Definitions:

Marginal Costs

The additonal cost incurred by producing one more unit of a product or service.

Elasticity of Demand

The elasticity of demand measures how responsive the quantity demanded of a good or service is to a change in its price, indicating the sensitivity of consumers to price changes.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.

Natural Monopoly

A market condition in which a single firm can supply a product or service to an entire market at a lower cost than could two or more firms, often due to economies of scale.