Ending Inventory Is Equal to the Cost of Items on Hand

question 172

Multiple Choice

Ending inventory is equal to the cost of items on hand plus

• A)merchandise in transit sold to customers with terms FOB shipping point.
• B)merchandise in transit sold to customers with terms FOB destination.
• C)merchandise returned to sellers in transit with terms FOB shipping point.
• D)merchandise purchased from buyers in transit with terms FOB destination.

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Definitions:

Subliminal Messages

Stimuli or signals below the threshold of conscious awareness, designed to influence thoughts, feelings, or actions without being directly noticed.

Conscious Perception

the awareness of one's environment and one's own sensations, thoughts, and feelings at any given moment.

Absolute Threshold

The minimum intensity of stimulation that must occur before you can experience a sensation.

Subliminal Message

A subliminal message is a signal or message embedded in another medium, designed to pass below the normal limits of perception.