Tell Whether the Statement Is True or False $5 \in \{ - 1,6,7,10 \}$

question 326

True/False

Tell whether the statement is true or false.
- $5 \in \{ - 1,6,7,10 \}$

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Definitions:

Purchases and Sales

This involves transactions related to buying (purchases) and selling (sales) goods or services, critical to determining a business's revenue and inventory levels.

LIFO Perpetual

A perpetual inventory system method that assumes the last items added to inventory are the first ones sold, under the Last-In, First-Out principle.

Inventory Value

The total cost of all the items held by a company for resale or production purposes, calculated at a specific point in time.

Cost of $200

A set expense value amounting to two hundred dollars.