Which of the Following Statements Regarding Inventory Shrinkage Is Not

question 7

Multiple Choice

Which of the following statements regarding inventory shrinkage is not true?

• A)Inventory shrinkage refers to the loss of inventory.
• B)Inventory shrinkage is determined by comparing a physical count of inventory with recorded inventory amounts.
• C)Inventory shrinkage is recognized by debiting an operating expense.
• D)Inventory shrinkage is recognized by debiting Cost of Goods Sold.
• E)Inventory shrinkage can be caused by theft or deterioration.

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Definitions:

E-mail Settings

Configurations within an e-mail application that determine how e-mails are sent, received, and displayed to the user.

Synchronize E-mail

To synchronize e-mail is to ensure that e-mail messages, folders, and other data are consistent and up-to-date across different mail clients or devices.

CD-ROM

A type of drive that cannot write to a disc.

Storage

The component of a computer or device where data is held in the medium term or long term, spanning from traditional hard drives to modern solid-state drives and cloud storage services.