When Recording the Sale of Merchandise Inventory,using a Periodic Inventory

question 251

Multiple Choice

When recording the sale of merchandise inventory,using a periodic inventory system,________.

• A) a running record of merchandise inventory is maintained during the accounting period
• B) the Sales Revenue account is credited only as an adjusting entry because sales information is not needed during the accounting period
• C) sales discounts are not recorded
• D) there is no need to record an entry to the Merchandise Inventory and the Cost of Goods Sold accounts

Comprehend strategies marketers use to communicate environmental initiatives.

Understand strategies for reducing environmental impacts and costs in marketing.

Recognize the significance and strategies of environmental and comprehensive greening in businesses.

Understand the consumerism movement and its impact on environmental protection and consumer rights.

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Definitions:

Declarative

Pertaining to knowledge that can be consciously recalled and articulated, such as facts or information.

Procedural

refers to a method or process in the execution of actions or operation of systems, often opposed to declarative knowledge which is about facts or things known.

Self-efficacy

An individual’s belief in their capacity to execute behaviors necessary to produce specific performance attainments, shaping how they think, feel, and act.

Declarative

Pertaining to the ability to consciously recall facts and knowledge, part of explicit memory.