________ Is Property That Can Be Identified by the Senses;

question 80

Multiple Choice

________ is property that can be identified by the senses; it can be seen or touched.

• A) Tangible property
• B) Perceptive property
• C) Fungible property
• D) Intangible property
• E) Apparent property

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Definitions:

FIFO Perpetual

An accounting method where goods are sold based on the order they were purchased or produced; "FIFO" stands for "first in, first out," and "perpetual" means the inventory records are updated continuously.