What Is the Value of I After the Following Statements

question 22

Multiple Choice

What is the value of i after the following statements
I = 2;
I++;

• A) 0
• B) 2
• C) 3
• D) 4

---

Definitions:

LIFO

LIFO, standing for Last-In, First-Out, is an accounting method used for inventory valuation where the most recently produced or acquired items are the first to be expensed.

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Inventory Control

The management practice of overseeing and regulating the ordering, storing, and use of components that a company uses in the production of the items it sells.

Approved Vendor

A supplier who has been vetted and meets a company's criteria for quality, reliability, and business ethics, and is thus authorized to supply goods or services.