Which of the Following Statements Concerning Humus Is False

question 7

Multiple Choice

Which of the following statements concerning humus is false?

• A) consists of decaying and partly decayed leaves and other plant materials
• B) is less abundant in wet, tropical, forested areas than in temperate, forested areas
• C) is readily leached from the B horizon in weakly acidic, soil solutions
• D) is typically found above the B soil horizon

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Definitions:

LIFO Method

"Last In, First Out," an inventory costing method where the most recently produced or purchased items are recorded as sold first.

Year-End Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold, at the end of the fiscal year.

Inventory Turnover Ratio

A measure of how often a company sells and replaces its stock of goods within a period, calculated as cost of goods sold divided by average inventory.

Customer Refunds Payable

A liability account for estimated refunds and allowances that will be paid or granted to customers in the future.