In a Periodic System,inventory Balances and the Cost of Sales

question 28

Multiple Choice

In a periodic system,inventory balances and the cost of sales for the current period are determined:

• A)at the time of sale.
• B)when a physical inventory count is taken.
• C)on a frequent basis.
• D)on the first day of each year.

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Definitions:

Rigid And Repetitive Behavior

Patterns of behavior that are inflexible and consistently repeated, often seen in autism spectrum disorders.

Echolalia

The involuntary and repetitive mimicry or imitation of the vocalizations made by another person.

Neologism

A made-up word that has meaning only to the person using it.

Pronominal Reversal

The use of pronouns in a way contrary to the conventional norms, often seen in language development disorders.