Manufacturers Claim That a Properly Cared for CD or DVD

question 68

True/False

Manufacturers claim that a properly cared for CD or DVD will last 5 years, but could last up to 250 years.

---

Definitions:

FIFO Cost Flow

An inventory valuation method where the cost of the earliest goods purchased are the first to be recognized as cost of goods sold.

Net Income

This refers to the amount of money a company earns after subtracting all its expenses, taxes, and costs from its total revenue.

Ending Inventory Value

The total value of all the goods available for sale at the end of a financial period.

LIFO Periodic

An inventory accounting method where the last items purchased are the first ones used in costing inventory, applied at the end of the accounting period.