____ Should Be Considered When Evaluating Income-Replacement Needs

question 65

Multiple Choice

____ should be considered when evaluating income-replacement needs.

• A) ​Lost income of the deceased
• B) ​The value of employment fringe benefits
• C) ​Contributions of a spouse's income
• D) ​All of these.

---

Definitions:

Beginning Inventory

The amount of goods presented for buying at the initial stage of an accounting term.

Goods Available for Sale

The total quantity of goods that a company has in stock and is available to be sold, including both finished goods and those still in production.

Ending Inventory

Available goods for sale's value at an accounting period's termination.

Periodic Inventory System

An inventory accounting method where updates to inventory levels are made periodically, often at the end of a financial period.