If the Physical Count of the Inventory Revealed $158,000 of Merchandise

question 98

Multiple Choice

If the physical count of the inventory revealed $158,000 of merchandise on hand and the inventory records reported $163,000, what would be the necessary adjusting entry to record inventory shortage?

• A) Merchandise inventory debit $158,000; Cost of Merchandise Sold credit $158,000.
• B) Merchandise inventory debit $5,000; Cost of Merchandise Sold credit $5,000.
• C) Cost of Merchandise Sold debit $163,000; Merchandise Inventory credit $158,000.
• D) Cost of Merchandise Sold debit $5,000; Merchandise Inventory credit $5,000.

Recognize the ethical considerations in sales demonstrations and presentations.

Appreciate the role of customer engagement and participation in effective sales demonstrations.

Distinguish between the various visual aids and their appropriate use in sales presentations.

Understand the concept and importance of logical reasoning within sales presentations.

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Definitions:

Vision

The ability to perceive the environment through light in the eyes, leading to visual perception.

Taste

The sensation produced when a substance in the mouth reacts chemically with taste receptor cells located on taste buds.

Innate Involuntary Behavior

Actions or responses that are not learned and occur automatically without conscious control.

Voluntary Behavior

Refers to actions that are performed consciously and with intention by an individual.