If a Preliminary Report Is Written, Destroying the Preliminary Report

question 23

Multiple Choice

If a preliminary report is written, destroying the preliminary report after the final report is complete could be considered ______________.?

• A)?proper data security
• B)?spoliation
• C)beneficial
• D)necessary

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Definitions:

Weighted-Average Method

The weighted-average method is used in accounting to average cost flows for inventory valuation and cost of goods sold calculation, considering the weighted average of all units available for sale.

Process Costing System

An accounting methodology used to allocate costs to products that are similar and produced continuously.

Weighted-Average Method

An inventory costing method that averages the cost of goods available for sale, used to determine the cost of goods sold and ending inventory.

Mixing Department

A specific section within a manufacturing setup where materials are combined to produce a product.