What Is the Major Advantage of the Weighted Average Costing

question 24

Multiple Choice

What is the major advantage of the weighted average costing method?

• A) It is simple.
• B) It is accurate.
• C) It is the required method.
• D) It is the preferred method.

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Definitions:

Negotiable Instruments

Financial documents that guarantee the payment of a specified amount of money, either on demand or at a set time, with the payer named on the document.

Japanese Commercial Code

is a collection of laws that governs commercial transactions in Japan, including company law, commercial paper, and bankruptcy proceedings.

Holder

An individual or entity that possesses a negotiable instrument, such as a check or promissory note, and has the right to enforce it.

Bearer

Pertaining to negotiable instruments, it refers to the individual possessing the document entitled to the rights therein.