Regarding the Four-Step Closing Process Under the Periodic Inventory System,________

question 86

Multiple Choice

Regarding the four-step closing process under the periodic inventory system,________.

• A) Purchase Returns and Allowances and Purchase Discounts accounts are closed with a credit via the Income Summary account
• B) Sales Revenue is closed with a credit via the Income Summary account
• C) the beginning Merchandise Inventory, Purchases, and Freight In are closed with a debit via the Income Summary account
• D) the ending merchandise inventory balance must be recorded as a debit via the Income Summary account

Understand how to utilize tools for inserting and managing content controls in documents.

Grasp the techniques for converting text to tables and manipulating table designs.

Comprehend methods for adjusting document layout and margins to improve readability and presentation.

Know how to format document backgrounds, including color and design adjustments.

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Definitions:

Disparate Treatment

Unequal behavior towards someone because of their race, age, gender, religion, or other protected status that results in discrimination.

Disparate Impact

A form of discrimination that arises when an employer’s policy or practice appears to apply to everyone equally but its actual effect is that it disproportionately limits employment opportunities for a protected class.

Prove Discrimination

The process of demonstrating that unlawful discrimination has occurred, typically requiring evidence of unfair treatment based on race, gender, age, religion, or other protected characteristics.

Age Discrimination

refers to unfair treatment or practices against individuals based on their age, particularly in employment contexts.