Which of the Following Best Illustrates Adjusting "Discrepancies of Assortment

question 42

Multiple Choice

Which of the following best illustrates adjusting "discrepancies of assortment?"

• A) General Motors makes Hummer for one product-market and Chevrolet for another product-market.
• B) A hardware store sells all the hardware items wanted by most people.
• C) Over 309 million U.S. consumers are served by around 351,000 manufacturers.
• D) RCA sold more than 2,000,000 TVs last year.
• E) Three firms produce over 60 percent of all the DVD players sold in the United States.

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Definitions:

Cash Dividend

A cash dividend is a payout of earnings by a corporation to its shareholders in the form of cash.

Financial Statements

Documents that present an organization's financial performance and position, including the income statement, balance sheet, and cash flow statement.

Liabilities

Financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Stockholders' Equity

Stockholders' equity represents the residual interest in the assets of a corporation after deducting liabilities, essentially the net worth of the company.