The Following Items Were Included in a Corporation's Inventory Account

question 28

Multiple Choice

The following items were included in a corporation's inventory account at December 31, 2013: $\begin{array} { | l | l | } \hline \text { Including } 40 \text { percent mark-up on selling price } & \$ 14,000 \\\hline \text { Goods purchased, in transit, shipped FOB shipping point } & 12,000 \\\hline \text { Goods held on consignment by the corporation } & 9,000 \\\hline\end{array}$
Merchandise out on consignment, at sale price, The corporation's inventory account at December 31, 2013 should be reduced by:

• A) $14,600
• B) $17,400
• C) $23,000
• D) $35,000

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Definitions:

Participative Leadership

A leadership style that involves employees or team members in the decision-making process to encourage engagement and commitment.

Supportive Behaviors

Actions by an individual or leader that provide assistance, encouragement, or comfort to others.

Directive

An authoritative instruction or order given by someone in a position of power, guiding the actions or conduct of others.

Supportive Leader Behaviors

Entail showing concern for employees' well-being and creating a friendly, supportive workplace environment.