A Company Started the Year with a Normal Balance of $68,000

question 26

Multiple Choice

A company started the year with a normal balance of $68,000 in the Inventory account.During the year,debits totaling $45,000 and credits totaling $55,000 were posted to the Inventory account.Which of the following statements about the Inventory account is correct?

• A) The normal balance of the Inventory account is a credit balance.
• B) After these amounts are posted, the balance in the Inventory account is a credit balance of $58,000.
• C) The Inventory account is decreased by debits.
• D) The debits and credits posted to the Inventory account caused it to decrease by $10,000.

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Definitions:

Illness Behavior

Those activities undertaken by people who feel ill and who wish to discover their state of health, as well as suitable remedies. Illness behavior precedes formal diagnosis.

Sinuses

Air-filled spaces in the skull that are connected to the nasal cavity.

Health Care

The preservation or enhancement of well-being through the avoidance, identification, therapy, recuperation, or healing of disease, ailment, harm, and other physical and mental disabilities in individuals.

Unhealthy Attitudes

Refers to negative or harmful beliefs and perspectives towards health, which can deter individuals from adopting beneficial health behaviors.