When an Inventory Item That Cost $75 Is Sold on Account

question 39

Multiple Choice

When an inventory item that cost $75 is sold on account for $100, which of the following would be included in the journal entry recording the cost of goods sold?

• A)Dr.Cash $100
• B)Cr.Cost of goods sold $75
• C)Cr.Accounts Receivable $100
• D)Cr.Inventory $75

Differentiate between white and gray matter contents and locations.

Know the production site and function of cerebrospinal fluid (CSF).

Recognize the primary arteries of the cerebrum and their significance.

Comprehend the causes and effects of different types of strokes (ischemic and hemorrhagic).

---

Definitions:

Specific Performance

A legal remedy that compels a party to execute a contract according to the precise terms agreed upon, rather than paying damages.

Paralegal

A professional qualified through education, training, or work experience who assists attorneys in delivering legal services, but is not qualified to practice law.

Constitutional Law

The body of law that defines the relationship of different entities within a state, namely, the executive, the legislature, and the judiciary.

Paralegals

Legal assistants who support lawyers by performing tasks such as research, drafting documents, and organizes files.