Yatsu Limited Has the Following Information in Its Accounting Records

question 146

Multiple Choice

Yatsu Limited has the following information in its accounting records as at December 31, 2014: A physical inventory count revealed that there was $68,000 in ending inventory.
-Net purchases are

• A) $129,860.
• B) $134,360.
• C) $121,810.
• D) $117,310.

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Definitions:

Climate Change

The increase in extreme weather patterns linked to global warming.

Hurricanes

Powerful tropical storms with strong winds and heavy rain, known for their potential to cause significant damage.

Tornadoes

Violently rotating columns of air that are in contact with both the surface of the Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud.

Cyclones

Large scale air mass that rotates around a strong center of low atmospheric pressure, associated with storms and bad weather.