What Are Apostrophes Used For

question 32

Multiple Choice

What are apostrophes used for?

• A) Taking place of missing letters in contractions
• B) Showing possession
• C) Showing a plural where the word would be hard to read without it
• D) All of the above

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Definitions:

Cost Of Goods Sold

The direct costs associated with producing goods sold by a company, including materials and labor, affecting net income and profit margins.

Inventoriable Costs

Costs that are directly associated with the production of goods and are initially recorded as inventory, to be expensed as cost of goods sold when the goods are sold.

Rising Prices

A scenario in which the overall price level of goods and services within an economy rises over a certain period.

Ending Inventory

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