Chang Company Took a Physical Inventory at December 31,2010 and Determined

question 44

Multiple Choice

Chang Company took a physical inventory at December 31,2010 and determined that $¥ 3,750,000$ of goods were on hand. Included in the count was inventory of $¥ 700,000$ on consignment from Keiko Company. On December 30, Chang sold and shipped f.o.b. destination $¥ 820,000$ morth of inventory. These goods arrived at the buyer's place of business on January 2, 2011. What amount should Chang report for inventory on its December 31,2010 statement of financial position?

• A) \( ¥ 3,750,000 \).
• B) \( ¥ 3,870,000 \).
• C) \( ¥ 3,170,000 \).
• D) \( ¥ 4,570,000 \).

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Definitions:

Factors

Variables or elements that contribute to a result or condition; these can be environmental, psychological, social, or biological in nature.

Freudian Ideas

Concepts and theories proposed by Sigmund Freud focusing on unconscious desires, childhood experiences, and the structure of the psyche (id, ego, and superego).

Personality Theory

A framework for understanding human thoughts, emotions, and behaviors that posits the existence of inherent, persistent psychological differences among individuals.

Horney's Theory

A psychoanalytic theory developed by Karen Horney that emphasizes the importance of social relationships and cultural influences on personality, challenging traditional Freudian views, particularly regarding female psychology.