Which of the Following Statements Is True About Charge

question 13

Multiple Choice

Which of the following statements is true about charge?

• A) There are three types of charge: positive, negative, and neutral.
• B) Like charges attract, whereas opposite charges repel.
• C) Charge is neither created nor destroyed.
• D) Charge cannot be transferred between objects.

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Definitions:

Retail Inventory Method

An accounting method used by retailers to estimate inventory cost by using a cost-to-retail price ratio based on both beginning inventory and purchases during the period.

Ending Inventory

The total value of all inventory a company has available for sale at the end of an accounting period.

Average Cost

A method of inventory costing that determines the cost of goods sold and ending inventory based on the weighted average cost of all purchases.

Gross Profit Method

A technique used to estimate the amount of ending inventory using the gross profit margin.