When Preparing an Unadjusted Trial Balance Using a Periodic Inventory

question 161

Multiple Choice

When preparing an unadjusted trial balance using a periodic inventory system, the amount shown for Merchandise Inventory is:

• A) The ending inventory amount.
• B) The beginning inventory amount.
• C) Equal to the cost of goods sold.
• D) Equal to the cost of goods purchased.
• E) Equal to the gross profit.

---

Definitions:

Required Competencies

The specific skills, knowledge, and abilities needed to perform a job effectively.

MARS Model

A framework in organizational behavior that identifies four critical factors determining employee performance: Motivation, Ability, Role perceptions, and Situational factors.

Competencies

A mix of abilities, expertise, and competencies needed to successfully execute job responsibilities.

Role Perceptions

Individuals' understanding of their responsibilities, duties, and expectations within a specific role or position in an organizational or social context.