Under the Perpetual Inventory System,in Addition to Making the Entry

question 3

Multiple Choice

Under the perpetual inventory system,in addition to making the entry to record a sale,a company would

• A)record an increase in inventory corresponding to the amount of the sale.
• B)record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.
• C)record an increase in inventory corresponding to the cost of the inventory.
• D)make no additional entry until the end of the period.

---

Definitions:

Genetic Equilibrium

A condition in which the frequency of alleles in a population remains stable from generation to generation in the absence of disturbing factors.

Allele Frequencies

A measure of the relative frequency of an allele (variant of a gene) at a genetic locus in a population, expressed as a proportion or a percentage.

Directional Selection

The gradual replacement of one phenotype with another because of environmental change that favors phenotypes at one of the extremes of the normal distribution. Compare with stabilizing selection and disruptive selection.

Phenotypes

The set of observable characteristics or traits of an organism resulting from the interaction of its genotype with the environment.