Which Transaction Would Be Included in the Year End Inventory

question 79

Multiple Choice

Which transaction would be included in the year end inventory?

• A)Goods received on consignment at year end.
• B)Goods shipped out on consignment at year end.
• C)Goods shipped out F.O.B. shipping point at year end.
• D)Goods received after year end, shipped FOB destination.

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Definitions:

Equilibrium Wage

The compensation level at which labor supply meets labor demand.

Economic Profit

Total revenue minus total cost, including both explicit and implicit costs.

Barbershops

Establishments that provide hair cutting, grooming, and sometimes additional services primarily for men.

Discrimination

Unfair or prejudicial treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.