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NEW QUESTION 36 Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

• A. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
• B. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
• C. The quantity is tracked in inventory but not as an asset until there is an ownership event
• D. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
• E. The liability for a consigned item occurs when there is an ownership event.
• F. There is no difference between owned inventory and consigned inventory.

Answer: B,D,E,F   NEW QUESTION 37 You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created. Which accounting entries signal this process has taken place?

• A. Debit Receiving Inspection, Credit Accrued Liability
• B. Debit Accrued Liability, Credit Accounts Payable
• C. Debit Expense, Credit Expense Accrual
• D. Debit Charge Account (expense or inventory), Credit ReceivingInspection
• E. Debit Expense, Credit Receiving Inspection

Answer: D   NEW QUESTION 38 Select two ways to define the standard cost for an item from the Cost Accounting work area.

• A. Manage the Standard Cost task.
• B. Create Standard Cost in a spreadsheet.
• C. Import standard costs from receipt layers.
• D. Manage the Item Cost task.

Answer: B,D   NEW QUESTION 39 Trade events for physical shipments are interfaced into the Cost Accounting subledger from which module?

• A. Order Management
• B. Financial Orchestration
• C. Inventory
• D. Purchasing
• E. Shipping

Answer: B   NEW QUESTION 40 universal containers wants to provide a view of emergency work that is only visible to dispatchers What should the consultant do to meet the requirement?

• A. Custom list view
• B. Custom gantt filter
• C. Custom report in a private report folder
• D. Custom lightning component

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