A Specified Quantity of an Unknown Gas Has the Volume

question 49

Multiple Choice

A specified quantity of an unknown gas has the volume of 14.1 mL at 22°C and 659 torr. Calculate the volume at STP.

• A) 0.912 mL
• B) 13.2 mL
• C) 11.3 mL
• D) 15.0 mL
• E) none of these

Understand the recording of sales returns and allowances.

Distinguish the operating cycles and financial reporting between service and retail businesses.

Know how the cost of merchandise sold and inventory costs are determined and reported.

Understand how sales, operating expenses, and net income are related in a merchandise business.

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Definitions:

GAAP

Generally Accepted Accounting Principles; the common set of accounting standards and procedures used in the U.S.

Accrual Basis

The accrual basis of accounting records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.

Cash Basis

An accounting method where revenues are recognized when cash is received, and expenses are recorded when cash is paid.

Debit Portion

The side of an accounting entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts.