Select the Answer That Identifies the Subject and the Complete

question 21

Multiple Choice

Select the answer that identifies the subject and the complete verb of each sentence.
-The golfer in the red cap has been waiting at the fourth hole for twenty minutes.

• A) golfer, waiting
• B) golfer, has been waiting
• C) cap, has been

---

Definitions:

Cost Of Merchandise Sold

The total expense of buying and preparing merchandise for sale, including the cost of the goods themselves and any additional expenses related to their sale.

Gross Profit

The amount of money a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

FIFO Perpetual

An accounting method where the first items placed in inventory are the first ones sold, continuously tracking inventory levels.

LIFO Perpetual

A method of inventory valuation where the last items acquired are the first to be used or sold, continuously updated to reflect remaining inventory.