Under the retail method, the numerator in the cost$-$to$-$retail percentage includes:

A$)$ Beginning inventory.

B$)$ Purchases.

C$)$ Freight$-$in$.$

D$)$ All of the other answer choices are included in the numerator.

Under the retail inventory method:

A$)$ A company measures inventory on its balance sheet by converting retail prices to

cost$.$

B$)$ A company measures inventory on its balance sheet at current selling prices.

C$)$ A company measures inventory on its balance sheet on a LIFO basis.

D$)$ None of the other answer choices are correct.

Property, plant, and equipment and intangible assets are:

A$)$ Created by the normal operation of the business and include accounts receivable.

B$)$ All assets except cash and cash equivalents.

C$)$ Current and long$-$term assets used in the production of either goods or services.

D$)$ Long$-$term revenue$-$producing assets.

The acquisition costs of property, plant, and equipment do not include:

A$)$ The ordinary and necessary costs to bring the asset to its desired condition and

location for use.

B$)$ The net invoice price.

C$)$ Legal fees, delivery charges, installation, and any applicable sales tax.

D$)$ Maintenance costs during the first $30$ days of use.

Goodwill is:

A$)$ a reportable intangible asset generated internally from long$-$term, loyal customers.

B$)$ based on management's estimate of the value of its own company above net

identifiable assets.

C$)$ reported as an asset in the balance sheet only when it is purchased in connection

the acquisition of control over another company.

D$)$ All of the other answer choices are correct.