In a Perpetual Inventory System, When Cash Sales Are Recorded

question 5

Multiple Choice

In a perpetual inventory system, when cash sales are recorded:

• A)merchandise inventory decreases and cost of goods sold decreases.
• B)sales revenue increases and cash decreases.
• C)sales revenue increases and equity decreases.
• D)merchandise inventory decreases and equity decreases.

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Definitions:

REM Sleep

A phase of sleep characterized by rapid eye movement, during which vivid dreams commonly occur.

Hypnagogic Sensations

Experiences at the onset of sleep, including visual, auditory, or tactile hallucinations that occur in the transition from wakefulness to sleep.

Narcolepsy

An ongoing sleep problem marked by significant day time drowsiness and abrupt sleep onslaughts.

REM Rebound

The phenomenon where there is an increase in the amount of REM (Rapid Eye Movement) sleep after a period of REM sleep deprivation.