Which Is True About the Worksheet

question 120

Multiple Choice

Which is true about the worksheet?

• A) Companies generally computerize worksheets using a program such as Word.
• B) Companies generally computerize worksheets using a spreadsheet program such as Excel.
• C) The use of a worksheet is required.
• D) When a company chooses to use a worksheet, it cannot prepare financial statements directly from the worksheet.

---

Definitions:

Sales In Inventory

The quantity of goods that are available for sale in a company's inventory.

Average Daily Cost

The average cost incurred by a business or an operation calculated on a daily basis.

Sales In Inventory

This term seems incorrect or incomplete. The correct term is likely "Inventory," which refers to the goods and materials a business holds for the purpose of resale.

FIFO

First In, First Out (FIFO) is an inventory valuation method where the costs of the oldest items are the first to be expensed, used to calculate cost of goods sold.