Which of the Following Accounts Would Appear on the Inventory

question 111

Multiple Choice

Which of the following accounts would appear on the inventory purchases budget and pro forma balance sheet?

• A) Cost of goods sold
• B) Sales revenue
• C) Accounts receivable
• D) Accounts payable

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Definitions:

Burglary

A crime in which someone unlawfully enters a building with intent to commit a felony or theft.

Robbery

The unlawful taking or attempted taking of personal property by force or threat of force and/or by putting the victim in fear.

Explosive Device

A tool or weapon designed to explode, causing damage or destruction through the rapid release of energy.

Arson

The crime of intentionally setting fire to another’s property.