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15. What is NOT a situation for which you would record a vendor credit? A....

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15. What is NOT a situation for which you would record a vendor credit? A. You ordered the wrong item. B. The customer changed their mind. C. An item was damaged in shipment. D. Too many items were shipped. 16. What determines how much the Cost of Goods Sold account increases when you sell an item? A. Whether it's an inventory or non-inventory item B. The difference between what you paid for the item and what you will sell it for C. The amount you paid for the item when purchased D. Sales tax 17. Karl's inventory records don't match his actual inventory on hand. What should he do? A. Create an inventory adjustment. B. Submit the Physical Inventory Worksheet. C. Return the extra inventory and create a vendor credit. D. Designate the products as non-inventory until he straightens out his records. 19. What happens when you make inventory tracking for a product inactive? A. You won't be able to purchase more of that product. B. The product can no longer be sold. C. Inventory tracking for that product is disabled. D. The product's inventory is no longer tracked, but previous transactions are not affected

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