As a Result of Taking an Annual Physical Inventory,it Usually

question 75

Multiple Choice

As a result of taking an annual physical inventory,it usually is necessary in a perpetual inventory system to make an entry:

• A)Reducing assets and increasing the cost of goods sold.
• B)Reducing assets and increasing liabilities.
• C)Reducing the cost of goods sold.
• D)Increasing assets and increasing the cost of goods sold.

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Definitions:

Variables

Elements, features, or factors that are liable to vary or change within a study or experiment.

Age

The length of time that a person or thing has existed; a particular stage in someone's life.

Amount of Hair

A characteristic referring to the density, thickness, and overall quantity of hair on an individual's body or head.

Negatively Correlated

A relationship between two variables in which one variable increases as the other decreases.