Which of the Following Is Not an Example of Prominent

question 38

Multiple Choice

Which of the following is not an example of prominent International Stock Exchanges?

• A) the Honk Kong Stock Exchange
• B) the London Stock Exchange
• C) the Kuala Lumpur Stock Exchange KLSE.
• D) Dubai Stock Exchange

---

Definitions:

LIFO Cost Flow

An inventory valuation method, "Last In, First Out", where the last items placed in inventory are the first ones to be recorded as sold, affecting the company's inventory cost on financial statements.

Ending Inventory

The cumulative worth of a company's entire stock inventory at the conclusion of a financial accounting period.

Inventory Items

Goods or materials a company holds for the ultimate purpose of resale.

FIFO Cost Flow

A method of inventory valuation where goods purchased first are the ones sold first, hence, the inventory left consists of the most recently purchased or produced goods.