Select the Balance Sheet Account(s) That Would Be Affected by a Policy

question 17

Multiple Choice

Select the balance sheet account(s) that would be affected by a policy choice at the same time as the cost of goods sold income statement account.

• A) Accounts receivable
• B) Inventories
• C) Accrued expenses
• D) Property, plant and equipment

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Definitions:

Gametic Isolation

A type of reproductive barrier where gametes (sperm and egg) of different species fail to meet or fuse, preventing gene flow between the species.

Open Water

Large bodies of water such as oceans, seas, and large lakes, where there is no nearby land within sight.

Gametes

Mature haploid sex cells, such as sperm and eggs, that unite to form a diploid zygote during sexual reproduction.

Reproductive Isolation

The end of gene flow between populations; part of speciation.