Which of the Following Statements Is Incorrect

question 85

Multiple Choice

Which of the following statements is incorrect?

• A)Ending inventory exceeds beginning inventory when purchases are greater than cost of goods sold.
• B)Cost of goods sold exceeds purchases when ending inventory is less than beginning inventory.
• C)Cost of goods available for sale will always be equal to or greater than cost of goods sold.
• D)Ending inventory is greater than beginning inventory when purchases are less than cost of goods sold.

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Definitions:

Filing Shelves

Shelving units specifically designed for organizing and storing documents, folders, and files for easy access.

Numeric Filing System

An organizational method in which files and documents are arranged according to a numerical sequence.

Terminal Digit

A small group of two to three numbers at the end of a patient number that is used as an identifying unit in a filing system.

Completely Destroyed

A state of being utterly ruined or demolished, leaving no remnants intact or recognizable.