Which of the Following Is Not a Category of Mergers

question 28

Multiple Choice

Which of the following is not a category of mergers?

• A)Horizontal
• B)Vertical
• C)Conglomerate
• D)Diagonal

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Definitions:

Average Cost

A method of inventory valuation which calculates the cost of goods sold based on the average cost of all similar items in inventory.

Periodic Inventory System

An accounting method where the inventory is physically counted at specific intervals to determine the cost of goods sold and the ending inventory balance.

Cost Of Goods Sold

Represents the direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Retail Method

An inventory valuation method used in the retail industry to estimate the ending inventory value, based on the relationship between the cost of goods sold and the retail price.