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The Following Data Represent the Number of Cars Passing Through 383937374438413839354239433741\begin{array} { l l l l l l l l l l l l l l l } 38 & 39 & 37 & 37 & 44 & 38 & 41 & 38 & 39 & 35 & 42 & 39 & 43 & 37 & 41 \end{array}

question 69

Multiple Choice

The following data represent the number of cars passing through a toll booth during a certain time period over a number of days.

383937374438413839354239433741\begin{array} { l l l l l l l l l l l l l l l } 38 & 39 & 37 & 37 & 44 & 38 & 41 & 38 & 39 & 35 & 42 & 39 & 43 & 37 & 41 \end{array}

Recognize the importance of consistency in accounting methods for comparability of financial statements.
Identify the components of inventory cost.
Understand inventory ownership and the point of passing ownership, including consignment and goods in transit.
Recognize the need for disclosing changes in accounting policies and their impact on financial statements.

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