Regarding Acids and Bases

question 104

Multiple Choice

Regarding acids and bases,

• A)acids will increase the pH of a solution.
• B)bases will decrease the pH of a solution.
• C)acids will accept hydrogen ions in a solution.
• D)bases will accept hydrogen ions in a solution.

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Definitions:

Periodic Inventory

A method of inventory valuation in which the inventory is physically counted at specific intervals, and the cost of goods sold is calculated at the end of the accounting period.

Physical Count

A procedure conducted to verify the actual quantity of items or materials present in inventory, typically performed at the end of an accounting period.

Operating Cycles

The period of time it takes for a company to purchase inventory, sell it to customers, and collect the cash from the sales.

Cost of Goods Sold

The immediate expenses related to the manufacture of goods a company sells, which includes materials and labor.