Given the Following Items and Costs as of the Balance

question 103

Multiple Choice

Given the following items and costs as of the balance sheet date,determine the value of Faltron Company's merchandise inventory. - $1,000 goods sold by Faltron to another company.The goods are in transit and shipping terms are FOB destination.
- $2,000 goods sold by another company to Faltron.The goods are in transit and shipping terms are FOB destination.
- $3,000 owned by Faltron but in the possession of another company,the consignee.
- Damaged goods owned by Faltron that originally cost $4,000 but now have a $500 net realizable value.

• A)$10,000
• B)$6,500
• C)$5,500
• D)$5,000
• E)$4,500

---

Definitions:

Mistrust

A lack of confidence or faith in someone or something, often arising from negative past experiences.

Jealousy

An emotion characterized by feelings of insecurity, fear, and concern over a relative lack of possessions or safety.

Sternberg's Triangular Theory

A psychological theory proposing that love is composed of three components: intimacy, passion, and commitment.

Romantic Love

A deeply emotional and affectionate attachment to a partner, characterized by passion, intimacy, and commitment.