A "Block Trade" Is a Trade in Excess of How

question 37

Multiple Choice

A "block trade" is a trade in excess of how many shares?

• A)1,000
• B)5,000
• C)10,000
• D)50,000
• E)100,000

Appreciate the impact of cost flows on the valuation of inventory.

Realize the importance of the retail inventory method and its requirements.

Understand the basics of the perpetual and periodic inventory systems, including their journal entries.

Calculate inventory balances using different costing methods such as LIFO, FIFO, and average cost under both perpetual and periodic systems.

---

Definitions:

Team Building Sessions

Activities or meetings designed to enhance cooperation and cohesion among team members by improving communication, trust, and collaboration.

Transformational Coping

involves using stress and challenges as opportunities for growth, personal development, and transformation.

Hardy Personality

A set of characteristics that enable an individual to withstand stress and adversity more effectively than others.

Type A Personality

A personality type characterized by high levels of competitiveness, self-imposed stress, impatience, aggressiveness, and a constant sense of urgency.