Which of the Following Is True of Consumer Magazines

question 53

Multiple Choice

Which of the following is true of consumer magazines?

• A)They are generally purchased for both entertainment value and information.
• B)They are typically known as niche magazines.
• C)They are primarily annual publications.
• D)They are only sold through sole distribution.
• E)They cannot be sold through circulation.

---

Definitions:

Lower Of Cost

Lower of cost or market is an accounting principle where inventory is recorded at either its historical cost or market value, whichever is lower, to reflect potential losses.

Inventory Item

Goods or materials that a business holds for the ultimate purpose of resale or use in production.

Inventory Value

The total cost or market value of all the goods held by a company intended for sale or for use in producing goods for sale.

Cost Or Market

An accounting method for inventory valuation, valuing inventory at the lower of its historical cost or market value.