What Is Output by the Following Java Code Segment

question 12

Multiple Choice

What is output by the following Java code segment?
int temp = 200;
If (temp > 90) {
System.out.println("This porridge is too hot.") ;
}
If (temp < 70) {
System.out.println("This porridge is too cold.") ;
}
If (temp == 80) {
System.out.println("This porridge is just right!") ;
}

• A) This porridge is too hot.
• B) This porridge is too cold.
• C) This porridge is just right!
• D) None of the above.

Understand how to calculate ending inventory and cost of goods sold using FIFO and LIFO methods under a perpetual inventory system.

Identify the effects of inventory costing method selection (FIFO, LIFO, Weighted Average, Specific Identification) on financial statements, specifically gross profit and income.

Recognize the components and application of the gross profit method for estimating inventory.

Understand the considerations for including items in merchandise inventory, accounting for special situations such as goods in transit, consigned goods, and damaged goods.

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Definitions:

Romantic Love

A complex emotional and physiological experience, typically involving attraction, attachment, and idealization of another person.

Merchandise Inventory

Goods held by a company for the purpose of resale to customers in the regular course of business.

Beginning Inventory

The value of all the inventory held by a company at the start of an accounting period, used to calculate the cost of goods sold.

Net Purchases

The total amount of purchases made by a business after subtracting returns, allowances, and discounts.