If the Gross Margin Percentage Used in the Gross Margin

question 9

Multiple Choice

If the gross margin percentage used in the gross margin method were overstated (for example, 36% instead of 32%) , what would happen?

• A)Cost of goods sold would be overstated.
• B)Ending inventory would be understated.
• C)Ending inventory would be overstated.
• D)Ending inventory would be correctly stated, but beginning inventory would be incorrect.

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Definitions:

Sexual Assault

Sexual touching or intercourse without consent, accomplished by coercion, manipulation, or either the threat or use of force. The greater the force used or the resulting injury, the more severe the assault.

Trigger

Something that initiates or causes an increase in activity, sometimes specifically referring to causing an emotional or psychological response.

Alcohol

A colorless volatile flammable liquid, chemically a compound of hydrogen, oxygen, and carbon, that is the intoxicating component of wine, beer, spirits, and other drinks.

Attribution

The process of explaining one's own behavior and the behavior of others.