Why Is a Cost Flow Assumption Used

question 119

Multiple Choice

Why is a cost flow assumption used?

• A)This is a systematic method for allocating costs between beginning inventory and ending inventory.
• B)This is a systematic method for allocating costs between cost of goods available for sale and ending inventory.
• C)This is a systematic method for allocating costs between cost of goods sold and ending inventory.
• D)This is a systematic method for allocating costs between cost of goods manufactured and cost of goods sold.

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Definitions:

Forbidden Food

Foods that are prohibited from consumption due to cultural, dietary, or health-related reasons.

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A list of situations or stimuli arranged in order of increasing ability to produce anxiety, used in desensitization therapies.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses or anxieties through gradual exposure to the feared object or situation, coupled with relaxation training.

Therapy

A treatment intended to relieve or heal a disorder, often involving psychological techniques for mental health issues.