A Water-Filled Paper Cup Held in a Flame Will Not

question 32

Multiple Choice

A water-filled paper cup held in a flame will not catch fire. This is because

• A)the inside of the paper is wet.
• B)water is an excellent conductor of heat.
• C)paper is a poor conductor of heat.
• D)the paper cup cannot become appreciably hotter than the water it contains.

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Definitions:

Periodic Inventory System

A method of tracking inventory where physical counts are conducted at certain intervals to determine the level of inventory and the cost of goods sold.

Cost of Sale

The direct costs attributed to the production of the goods sold by a company.

Merchandise Inventory

Goods that a company has in stock and available for sale, listed as an asset on the balance sheet.

Periodic Inventory System

A periodic inventory system is a method of inventory valuation where a physical count of inventory is performed at specific intervals to determine the ending inventory balance and the cost of goods sold.