The Following Information for the Year 2012 Is Taken from the Accounts

question 84

Multiple Choice

The following information for the year 2012 is taken from the accounts of Thornwood Company.The company uses the periodic inventory method. Based on this information,the inventory at December 31,2012 is

• A) $4,600
• B) $5,000
• C) $4,900
• D) $12,100

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Definitions:

Workday

The number of hours or the specific period during which an employee is expected to be at their job performing their duties.

Unions

Organizations formed by workers in various industries to collectively bargain for better wages, working conditions, and benefits.

Minimum Wage

The lowest remuneration that employers can legally pay their workers; the rate may vary by jurisdiction.

Henry David Thoreau

An American essayist, poet, and philosopher known for his works on naturalism and civil disobedience.