Henifin Corporation Has Provided the Following Data Concerning Its Most

question 46

Multiple Choice

Henifin Corporation has provided the following data concerning its most important raw material, compound K91J: The raw material was purchased on account.
-The credits to the Raw Materials account for January would total:

• A) $21,981
• B) $19,395
• C) $38,790
• D) $39,330

---

Definitions:

Liquidation Transactions

Financial operations associated with winding up a company's affairs, selling off its assets, and distributing the proceeds to creditors and shareholders.

Installment Program

A credit or loan arrangement that allows the borrower to pay back the principal and interest over a set period through regular payments.

Profit and Loss Ratio

Profit and Loss Ratio measures the relationship between profits gained and losses incurred in a business or trading activity.

Safe Payments

Safe payments are transactions that are conducted using secure methods to protect against fraud and unauthorized access to financial information.