Under the Specific-Identification Method, the Flow of Goods Through the Accounting

question 4

Multiple Choice

Under the specific-identification method, the flow of goods through the accounting records will:

• A) be the opposite of the physical flow of goods through the business.
• B) closely match the physical flow of goods through the business.
• C) exactly match the physical flow of goods through the business.
• D) have no relationship to the physical flow of goods through the business.
• E) sometimes match the physical flow of goods through the business.

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Definitions:

Digestion

The biological process by which food is broken down into smaller components, eventually to be absorbed into the bloodstream.

Homeostasis

A state of steady internal, physical, and chemical conditions maintained by living systems.

Insulin

A hormone produced by the pancreas that helps regulate blood sugar levels by allowing cells to absorb glucose.

Glucose

A simple sugar and an important energy source in living organisms, part of many carbohydrates.