A Company Will Most Likely Use an Estimated Method of Determining

question 156

Multiple Choice

A company will most likely use an estimated method of determining inventory when

• A) the company decides not to do a physical inventory.
• B) a natural disaster has destroyed most of their inventory.
• C) the company has not kept up with their inventory records.
• D) the company is preparing annual financial statements.

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Definitions:

Job Related

Pertaining to duties, activities, or tasks performed as part of one's employment or position.

Prima Facie Case

Evidence that, unless rebutted, would be sufficient to prove a particular proposition or fact in court.

Discrimination

Unfair or unequal treatment of individuals based on certain protected characteristics such as race, gender, age, or disability.

Protected Class

Groups of people legally shielded from discrimination by law based on characteristics such as race, gender, age, disability, and religion.