Choose the One Most Appropriate Response for Each

question 72

Multiple Choice

Choose the one most appropriate response for each.
-blood

• A)comprises ligaments and tendons
• B)contains collagen and elastin in a disordered gel-like matrix underlying most epithelia
• C)receives, conducts, and initiates signals in response to environmental changes
• D)stores fat
• E)offers resistance to mechanical injury and loss of internal fluids; also a barrier against microorganisms
• F)secretes extracellular products such as milk, mucus, tears, and saliva through ducts
• G)fluid ground substance plus free cells; involved in transport, pH, and temperature stability
• H)extracellular fluid that bathes cells and tissues

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Definitions:

Cost Flow Assumptions

Assumptions made about how costs flow through inventory accounts that affect the cost of goods sold and ending inventory valuation.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced or purchased items are the first to be expensed.

Dollar-Value LIFO

Dollar-Value LIFO method is an inventory costing method that uses the LIFO principle coupled with grouping inventory into pools based on dollar value instead of physical units.