To Determine Inventory for Its Balance Sheet,what System Is a Company

question 131

Multiple Choice

To determine inventory for its balance sheet,what system is a company using if it counts the inventory at the end of its accounting period and makes only one entry?

• A) the periodic inventory system
• B) the perpetual inventory system
• C) the weighted average system
• D) the ongoing system

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Definitions:

Flextime

An alternative work pattern that enables employees to set their own daily work schedules.

Job Sharing

An alternative work pattern in which more than one person occupies a single job.

Labor Pool

The supply of available workers in a particular region or industry.

Demographic

Statistical data relating to the population and particular groups within it, often considered for purposes of market analysis, policy making, and sociological research.