When Preparing an Unadjusted Trial Balance Using a Periodic Inventory

question 161

Multiple Choice

When preparing an unadjusted trial balance using a periodic inventory system, the amount shown for Merchandise Inventory is:

• A) The ending inventory amount.
• B) The beginning inventory amount.
• C) Equal to the cost of goods sold.
• D) Equal to the cost of goods purchased.
• E) Equal to the gross profit.

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Definitions:

Opponens Pollicis

A muscle in the hand that allows the thumb to touch the tips of the other fingers, a key movement for grasping objects.

Opposition

A movement in which the thumb and fingers are brought together, allowing for the manipulation of objects.

Thumb

The first digit of the hand, notable for its opposability, enabling grasping and manipulating objects.

Opponens Pollicis

A small muscle in the hand that allows the thumb to touch the tips of the other fingers, facilitating grip and manipulation of objects.