Match the Term to the Appropriate Definition

question 15

Multiple Choice

Match the term to the appropriate definition.There are more definitions than terms.
-Shrinkage

• A)Presents important subtotals,such as gross profit,to help distinguish core operating results from other,less significant items that affect net income.
• B)A reduction in the cost of inventory purchases associated with unsatisfactory goods.
• C)Refunds and price reductions given to customers after goods have been sold and found unsatisfactory.
• D)A ratio indicating the percentage of profit earned on each dollar of sales,after considering the cost of products sold.
• E)Net sales minus cost of goods sold.It is a subtotal,not an account.
• F)A sales price reduction given to customers for prompt payment of their account balance.
• G)The sum of beginning inventory and purchases for the period.
• H)A cash discount received for prompt payment of a purchase on account.
• I)Assets acquired for resale to customers.
• J)The cost of inventory lost to theft,fraud,and error.

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Definitions:

Atomic Symbol

A one or two-letter abbreviation that represents a chemical element.

Natron

A natural mineral mixture of sodium carbonate decahydrate (Na2CO3·10H2O) and sodium bicarbonate (NaHCO3) among others, historically used as a cleaning product and a preservative.

Sodium

A chemical element with the symbol "Na" and atomic number 11, widely known for its role in salt (sodium chloride) and various other compounds.

Elemental Metals

These are pure chemical substances consisting of a single type of atom that exhibits metallic properties such as conductivity, malleability, and luster.