If the Threads of a Fastener Are Not Too Badly

question 40

Multiple Choice

If the threads of a fastener are not too badly damaged, such as when the outer thread is slightly damaged from being started crooked (cross-threaded) , then a _________.

• A) Thread file can be used to clean them up
• B) New bolt or nut will need to be installed
• C) Both A and B
• D) Neither A nor B

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Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.

Overstated

A term used to describe financial statements that report a value or condition as being higher than it actually is.

Understated

Refers to figures or amounts that have been reported lower than they actually are, often affecting financial statements and analysis.

Lower-of-Cost

A principle that dictates inventory should be recorded at either its original cost or the market value, whichever is lower, to avoid overstating assets.