Which One of the Following Statements About Inventory Is Not

question 155

Multiple Choice

Which one of the following statements about inventory is not correct?

• A)An increase in inventory levels is always a sign of inefficiency in inventory management.
• B)The measurement of inventory affects both the balance sheet and the income statement within an accounting period.
• C)The ending inventory of one accounting period becomes the beginning inventory of the next accounting period.
• D)The cost of inventory can vary over time and may be affected by technological innovation.

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Definitions:

Generalized Anxiety Disorder

A mental health disorder characterized by excessive, uncontrollable worry about everyday events, causing significant distress or impairment.

Sudden, Intense

Occurring with great force and rapid onset, often with strong emotions or actions.

Ongoing, Persistent

Continuing to exist or occur over a prolonged period without interruption.

Alzheimer's Disease

Disease of the brain parenchyma that causes a gradual and progressive decline in cognitive functioning.