If You Wanted to Know What Accounting Rules a Company

question 69

Multiple Choice

If you wanted to know what accounting rules a company follows related to its inventory,where would you look?

• A)the statement of financial position.
• B)the income statement.
• C)the notes to the financial statements.
• D)the headings to the financial statements.

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Definitions:

Hardness

A measure of the resistance of a material to being scratched or indented.

States Visited

The number or list of US states that an individual has traveled to at any point in time.

Sales

The transactions or processes involved in the selling of goods or services in exchange for money or other compensation.

Customers

individuals or entities that purchase goods or services from a business.