Suppose That Badger's 2015 Ending Inventory, Valued at Year-End Costs

question 58

Multiple Choice

Suppose that Badger's 2015 ending inventory, valued at year-end costs, was $153,600 and that the relative cost index for this inventory in 2015 was 1.20. What inventory balance would Badger report on its 12/31/15 balance sheet?

• A)$128,000.
• B)$129,800.
• C)$153,600.
• D)None of the above is correct.

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Definitions:

Reaction Formation

A defense mechanism where an individual expresses feelings or behaviors that are opposite to their actual feelings, often to hide their true emotions.

Doubts About His Religion

Experiencing uncertainty or questioning the beliefs and practices of one's religion, which can be a part of spiritual growth or lead to changes in religious identification.

Defense Mechanism

Tactics employed by the subconscious mind to adjust, deny, or warp reality as a means to guard against feelings of unease and unwanted desires.

Reaction Formation

is a psychological defense mechanism where a person behaves in the opposite way to their actual feelings in order to hide their true emotions.