Which of the Following Is/are True Regarding the Finished Goods

question 42

Multiple Choice

Which of the following is/are true regarding the Finished Goods Inventory account?

• A)This account measures the total manufacturing cost of units completed but not yet sold.
• B)The sale of manufactured goods to customers results in a transfer of their cost from the Finished Goods Inventory account to Cost of Goods Sold.
• C)The journal entry for the sale of the inventory to a customer is a debit to Cost of Goods Sold and a credit to Finished Goods Inventory.
• D)all of the above
• E)none of the above

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Definitions:

Low-Context Cultures

Cultures in which people are more direct and explicit in their communication and do not rely heavily on the context, or non-verbal cues, to convey meaning.

High-Context Cultures

Cultures where communication relies heavily on the context, including non-verbal cues and the relationships between speakers, rather than just words.

Multimodal Style

A communication approach that uses multiple modes, such as text, images, and sound, to convey information.

Cultural Barriers

Obstacles in communication or interaction that arise from differences in cultural backgrounds, beliefs, or practices.