​Match Each Item with the Correct Statement Below

question 87

Multiple Choice

​Match each item with the correct statement below.
-the highest frequency electromagnetic waves

• A)​blackbody radiation
• B)​carbon dioxide
• C)​electromagnetic induction
• D)​gamma rays
• E)​greenhouse effect
• F)​infrared
• G)​ionosphere
• H)​lodestone
• I)​magnetic field
• J)​microwaves
• K)​ozone
• L)​radio waves
• M)​transformer
• N)​ultraviolet
• O)​x rays

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Definitions:

Moving-average Cost

An inventory costing method where the cost of goods sold and ending inventory value are determined based on the average cost of all similar items in inventory.

Perpetual Inventory System

An inventory system that records adjustments to inventory levels continuously as transactions occur.

Ending Inventory

The value of goods available for sale at the end of an accounting period, after accounting for purchases and the cost of goods sold.

Lower-of-cost-or-market

An accounting principle requiring that inventory be recorded at either the historical cost or the market value, whichever is lower, to ensure assets are not overstated.