Which of the Following Statements Is Most Accurate

question 66

Multiple Choice

Which of the following statements is most accurate?

• A) The Amazon River is second only to the Nile River in amount of freshwater delivered to the ocean.
• B) The Amazon Basin has a pronounced dry season that lasts through most of the summer.
• C) The Amazon Basin includes water from several countries.
• D) The Amazon Basin is composed primarily of steep-sided highlands.
• E) The Amazon Basin is located in Mexico.

---

Definitions:

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, based on physical inventory counts.

Merchandise Inventory

Items that a company intends to sell to customers that are held as assets on the balance sheet.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Retail Inventory Method

An accounting method used by retailers to estimate inventory cost by using a cost-to-retail price ratio based on both beginning inventory and purchases during the period.