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Find the Matching Number from Among the Choices Listed at Bottom

question 18

Multiple Choice

Find the matching number from among the choices listed at bottom. You may use choices more than once, and be aware that there are more choices than you will use.
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Calculate purchase discounts and comprehend their effect on inventory costs and accounting records.
Recognize the importance of physical inventory counts in both perpetual and periodic inventory systems.
Define and categorize Cost of Goods Sold and operating expenses for merchandising companies.
Master diverse terms and concepts related to inventory management, sales, and accounting practices for merchandising companies.

Definitions:

Stock Dividend

A dividend payment made in the form of additional shares rather than cash.

Par Value

The face value of a bond or the stated value of a stock; does not necessarily reflect market value.

Capital Lease

A lease agreement that is recorded as an asset on the lessee's balance sheet because it effectively transfers the risks and benefits of ownership from the lessor to the lessee.

Lease As Purchase

An agreement where the lessee has the option or obligation to purchase the leased asset at the end of the lease term.

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