When Calculating Accounts Payable Turnover,if There Is Not a Material

question 44

Multiple Choice

When calculating accounts payable turnover,if there is not a material difference between the company's beginning inventory and ending inventory,then:

• A)an adjustment still must be made for the difference to reduce or increase purchases.
• B)it should just be noted in the footnotes.
• C)it is not necessary to adjust for the inventory.
• D)an adjustment still must be made for the difference to reduce cost of goods sold.

---

Definitions:

Interpersonal

Relating to interactions between individuals, encompassing communication, relationships, and social dynamics.

Intrapersonal

Intrapersonal relates to what occurs within one individual, encompassing thoughts, feelings, and internal communications.

Business Negotiations

The process of discussing and arriving at a mutually acceptable agreement on business matters, such as contracts, prices, or terms of services.

Subtle Messages

Indirect or nuanced communications that are not always overtly stated but can influence thoughts and behaviors.