Which of the Following Is/are Not True Regarding Inventory

question 69

Multiple Choice

Which of the following is/are not true regarding inventory?

• A)Inventory refers to goods and other items that a firm owns and holds for sale or for further processing as part of its operations.
• B)Inventory is called "stock" in some countries.
• C)When the firm sells inventory, the carrying amount of that inventory becomes an expense.
• D)Inventories are a major asset for merchandising and manufacturing firms.
• E)The following equation measures all quantities in physical units: Beginning Inventory - Additions + Withdrawals = Ending Inventory

---

Definitions:

Bowed Upper Coupler

A condition in semi-trailers where the front upper plate, which connects to the tractor, is bent or curved, potentially affecting connection and safety.

High Hitch

A potentially dangerous tractor-to-trailer coupling condition in which the fifth wheel locking mechanism engages but the trailer kingpin sits on top of the jaws.

Aggressive Coupling

A connection strategy between two components designed to engage firmly and rapidly, often leading to higher wear and tear.

Pintle Hooks

A type of tow hitch that uses a pin and hook mechanism to connect trailers to towing vehicles, often used for heavy or industrial towing.