For Which of the Following Pairs Would It Be Easiest

question 50

Multiple Choice

For which of the following pairs would it be easiest to discern a difference in weight?

• A) a 2-liter bottle of water and a 2.1-liter bottle of water
• B) a 5-pound free weight and a 5.5-pound free weight
• C) a 20-pound child and a 22-pound child
• D) a 1-pound bag of sugar and a 2-pound bag of sugar

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Definitions:

Customer Refunds Payable

A liability account for estimated refunds and allowances that will be paid or granted to customers in the future.

Estimated Returns Inventory

A current asset account for the estimated amount of merchandise that will be returned by customers.

Customer Refunds Payable

Liabilities owed to customers for products or services that were sold but later returned or found unacceptable.

Perpetual Inventory

An inventory tracking system that records the sale or purchase of inventory immediately through the use of computerized systems.