When a Periodic Inventory System Is Used,________

question 38

Multiple Choice

When a periodic inventory system is used,________.

• A)an adjusting entry is needed to record the ending Merchandise Inventory account balance
• B)the process for closing the Income Summary and Owner's Withdrawals accounts differs from the process used in the perpetual inventory system
• C)beginning Inventory,Purchases,and Freight In accounts are closed via the Income Summary Account
• D)there is no need to take a physical count of inventory

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Definitions:

Motivation Theories

Psychological theories that explain the forces which drive individuals to initiate, direct, and persist in actions and behaviors.

Mediating Variables

Factors that influence the relationship between independent and dependent variables in research or experiments, explaining how or why such effects occur.

Moderators

Factors that can influence the strength or direction of the relationship between two variables, often considered in research and analysis.

Explanatory Constructs

These are concepts or theories developed to explain certain phenomena, providing a framework to understand research findings or observations.