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andrew11 [14]
3 years ago
5

The specific identification inventory method should be used when the inventory consists of identical, low-cost units that are pu

rchased and sold frequently. True False
Business
1 answer:
Step2247 [10]3 years ago
3 0

Answer:

False

Explanation:

The specific identification inventory method involves assigning of specific cost of inventory to the cost of goods sold. Cost of each item that makes up inventory must be tracked.

This is often used for large assets such as furniture or cars. The items also usually have differing characteristics.

For example if a dealer has 20 cars, he will track each of them from delivery till when he sells the cars.

This method is not used when the items involved are low cost items that are sold frequently and have identical characteristics.

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Answer:

The purpose of this is to increase economic stability.

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The classified Balance Sheet will subsection the assets section as follows a. Current Assets and Property, Plant, and Equipment
anyanavicka [17]

Answer:

a. Current Assets and Property, Plant, and Equipment

Explanation:

These classify the assets and liabilities in the classified balance sheet into various types Including assets that are divided into Property, Plant, and Equipment, current assets.

Liabilities are similarly divided into current liabilities, long-term liabilities The accounting equation is used in any balance sheet that means

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Leno4ka [110]

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Explanation:

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Answer:

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Explanation:

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In this example, Martin sees opportunity where the rest of the world sees problems, he made money and lost it but he's wealthy again. We can see that Marty has coped with adversity (the recession) but he adapted to it and he found a way to go through that and earn a living and become wealthy again, thus, this is an example of high resilience.

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