A(n)____________________ Is a Series of Commands That Performs an Action

question 111

Short Answer

A(n)____________________ is a series of commands that performs an action or calculates a value.

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Definitions:

Ending Inventory

The total value of all inventory a company has in stock at the end of its fiscal period.

Beginning Inventory

The financial amount of goods up for sale at the start of an economic period.

Year 1

Often refers to the first year of operations for a business or the first year in a multi-year financial analysis.

Beginning Inventory

The value of inventory on hand at the start of an accounting period, used in calculating cost of goods sold.