The 20B Records of Tom Company Showed Beginning Inventory,$6,000; Cost

question 79

Multiple Choice

The 20B records of Tom Company showed beginning inventory,$6,000; cost of goods sold,$14,000; and ending inventory,$8,000.What was the purchases amount for 20B?

• A)$9,000
• B)$10,000
• C)$12,000
• D)$16,000

---

Definitions:

Group Pressure

The influence exerted by a group that encourages individuals to change their attitudes, values, or behaviors to conform to group norms.

Moral Judgments

Are determinations of what is right and wrong based on ethical principles, societal norms, or personal beliefs, influencing behaviors and decisions.

Mental Efficiency

The ability of the brain to process information quickly and effectively, using the least amount of cognitive resources.

Reality Testing

A psychological process to distinguish what is internally fantasized from what is external and real in the environment.