The Choice of Valuation Method for Inventories Would Normally Not

question 42

Multiple Choice

The choice of valuation method for inventories would normally not affect which item(s) used in calculating ROI?

• A)The valuation of fixed assets (e.g. ,Plant,Property,and Equipment).
• B)The amount of operating income earned in a period.
• C)Both the investment base and the level of operating income.
• D)The estimated value of current assets of the business entity.
• E)The return on sales (ROS)for the period.

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Definitions:

Liver

Abdominal organ that produces plasma proteins and bile, filters the blood, and stores glycogen.

Urine Concentration

The process by which the kidneys regulate the water content and solute composition of urine, affecting its overall concentration.

Distal Tubule

A portion of the kidney nephron that functions in the reabsorption of electrolytes and water, and the secretion of hydrogen and potassium ions.

Collecting Tubule

Kidney tubule that receives fluid from several nephrons and delivers it to the renal pelvis.