All of the Following Are Examples of Intermediate Goods, Except

question 49

Multiple Choice

All of the following are examples of intermediate goods, except:

• A) Flour bought by a bakery
• B) Oven bought by a bakery
• C) Office supplies bought by an accounting firm
• D) Gasoline bought by a trucking company

---

Definitions:

Journal Entry

A record in the accounting ledger that shows a business transaction, involving a debit to one or more accounts and a credit to another to balance.

Consolidated Financial Statements

Financial reports that display the economic condition, operational outcomes, and cash movements of a parent company and its subsidiary companies as one consolidated entity.

Pooling-of-interests Method

A merger accounting method where the assets and liabilities of merging companies are combined using their book values.

Acquisition Method

An accounting approach used to consolidate the financial statements of two companies when one company acquires control over the other.