Complete the Inventory Formula: Beginning Inventory + ______ = ________

question 43

Multiple Choice

Complete the inventory formula: Beginning Inventory + ______ = ________ + Ending Inventory

• A)Cost added; cost transferred out
• B)Cost transferred out; cost added
• C)Cost of goods sold; cost added
• D)Cost added; cost of goods manufactured

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Definitions:

Preferred Share

Equity shares in a corporation, which provide dividends to its holders before dividends are distributed to common shareholders, and typically have no or restricted voting rights.

Specific Dividend

A dividend paid out in forms other than cash, such as stocks or other assets, to shareholders.

Par-value Share

A type of stock with a nominal face value that companies define in their corporate charter.

Debenture

An acknowledgment of debts by a corporation normally involving more than one creditor; often used interchangeably with “bond,” but whereas a bond is typically secured against a specific asset, a debenture may be unsecured or secured by a floating charge against inventory.