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.

---

Definitions:

Stable

Firm, steady, or not prone to sudden changes or deterioration, often used to describe economic or environmental conditions.

True Fan

A dedicated supporter or enthusiast of a particular product, brand, musician, etc., whose loyalty is strong and enduring.

Apple Products

Consumer electronics and software products developed by Apple Inc., such as iPhones, iPads, and Mac computers.

Press Releases

Official statements issued to the media to announce something of interest in a formal way.