Streams or Rivers Possess Two Kinds of Energy

question 82

Multiple Choice

Streams or rivers possess two kinds of energy. Kinetic energy is the energy of:

• A) water molecules.
• B) position.
• C) gravity.
• D) motion.
• E) channeling.

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Definitions:

LIFO Inventory

An inventory valuation method where the last items added to inventory are the first ones to be used or sold.

Merchandise Inventory

Goods that a company holds for the purpose of selling them to customers, often a significant asset on the balance sheet for retailers.

Lower Of Cost

A principle in accounting that dictates inventory or other assets should be reported at the lower amount between its historical cost and its market value.