A Company's Cost of Goods Sold Was $4,000

question 75

Multiple Choice

A company's cost of goods sold was $4,000.Determine net purchases and ending inventory given goods available for sale were $11,000 and beginning inventory was $5,000.

• A)Net Purchases: $15,000; Ending Inventory: $7,000
• B)Net Purchases: $10,000; Ending Inventory: $15,000
• C)Net Purchases: $9,000; Ending Inventory: $6,000
• D)Net Purchases: $6,000; Ending Inventory: $7,000
• E)Net Purchases: $16,000; Ending Inventory: $20,000

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Definitions:

Gender Identity

Gender identity refers to an individual's personal sense of their own gender, which may or may not correspond to the sex they were assigned at birth.

Personality Development

The growth and changes in an individual's character and behavioral traits over time, influenced by genetic, environmental, and social factors.

Practical and Realistic

Having an approach or mindset focused on dealing with things sensibly and realistically, based on practical rather than theoretical considerations.

Idealistic and Grand

Pertaining to having high ideals or grand ambitions, often characterized by optimism and a desire for significant achievements.