If Inventory Is a Material Amount,what Method of Accounting Is

question 44

Multiple Choice

If inventory is a material amount,what method of accounting is acceptable for a sole proprietorship to use?

• A)Accrual method.
• B)Both Accrual method and Hybrid method.
• C)The cash method.
• D)Hybrid method.

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Definitions:

Spatial Orientation

A cognitive understanding and perception of the environmental features around oneself and their relative position.

Rostral Cingulate Cortex

A region in the brain associated with emotional regulation, decision-making, empathy, and anticipation of reward, playing a significant role in social and cognitive processes.

Nucleus Accumbens

A region of the brain known for its critical role in the reward circuit, associated with pleasure, reward, and reinforcement learning.

Technique

A method or way of doing something, especially one that is skilled or specialized.