Place an X in Each Blank Below That Is Associated

question 10

Short Answer

Place an X in each blank below that is associated with a statement that would be considered true by a closed-world database containing only the statement "Kermit is a frog OR Miss Piggy is an actress."
_____ Kermit is a frog.
_____ Miss Piggy is not an actress.
_____ Kermit is not a frog AND Miss Piggy is not an actress.
_____ Kermit is not a frog.

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Definitions:

Ending Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold at the end of an accounting period.

Purchases

The act of buying goods and services, typically for the purpose of resale in the ordinary course of business.

Consignee

A person or company to whom goods are shipped for sale, who receives and sells the goods on behalf of the consignor.

Consignor

The consignor is the party that owns goods or merchandise and entrusts them to another party, known as the consignee, for the purpose of sale.