From an Accounting Point of View,one Implication of an Effective

question 143

Multiple Choice

From an accounting point of view,one implication of an effective just-in-time inventory system is that:

• A)Sales transactions must be recorded using on-line point-of-sale terminals.
• B)Inventories are less material in dollar amount and alternative inventory flow assumptions will produce more similar results.
• C)The cost of goods sold is significantly reduced.
• D)Purchases of merchandise are recorded as cash payments are made,and sales transactions are recorded as cash is received.

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Definitions:

Toddlerhood

A developmental stage that occurs approximately between the ages of one and three and is marked by rapid growth in mobility, language, and cognitive skills.

Puberty

The developmental stage during which children mature sexually and physically, becoming capable of reproduction.

Genie

A feral child who became a notable case study in linguistics and psychology for her critical period language acquisition after being discovered in severe isolation.

Critical Period

A specific time during development when the organism is particularly sensitive to certain stimuli, making it easier for learning or development to occur.