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If Scrap Is Returned to the Company's Storeroom and Inventoried

question 17

True/False

If scrap is returned to the company's storeroom and inventoried, it should NOT have any value in the accounting records.


Definitions:

Physiological Need

A basic bodily requirement.

Basic Requirement

Fundamental needs or conditions that must be met to achieve a goal or maintain a standard.

Drive-Reduction Theory

the idea that a physiological need creates an aroused state (a drive) that motivates an organismto satisfy the need

Physiological State

The condition of normal function of a living organism’s body, including its physical and chemical processes.

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