When Recording the Sale of Merchandise Inventory,using a Periodic Inventory

question 195

Multiple Choice

When recording the sale of merchandise inventory,using a periodic inventory system,________.

• A)a running record of merchandise inventory is maintained during the accounting period
• B)the Sales Revenue account is credited only as an adjusting entry because sales information is not needed during the accounting period
• C)sales discounts and sales returns and allowances are not recorded
• D)there is no need to record an entry to the Merchandise Inventory and the Cost of Goods Sold accounts

Recognize the importance of feedback in communication and how to effectively seek and provide it.

Comprehend the impact of cross-cultural differences on communication and ways to navigate them.

Distinguish between different forms of written communication and their appropriate uses.

Understand the role of nonverbal communication in enhancing or hindering the communication process.

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Definitions:

Schizophrenia

A chronic brain disorder characterized by delusions, hallucinations, disorganized speech or behavior, and impaired cognitive ability.

Anorexia Nervosa

A condition involving an intense phobia of putting on weight, accompanied by a steadfast refusal to sustain a weight that is within a healthy range.

Genes

Segments of DNA located on chromosomes that contain the necessary instructions for the development and functioning of an organism.

Cohort Effect

Effect that occurs when people born in one historical period are at different risk for a disorder than are people born in another historical period.