The first, a grade one strain to the rib muscle, is considered mild and usually heals within two to three weeks. A grade two strain is considered moderate with further damage to the muscle fibers and the healing time typically lasts three to six weeks.
consistency. A quality of accounting information that facilitates comparing a company's reporting of one accounting period to another. For example, the reader of a company's financial statements can assume that the company is using the same inventory cost flow assumption this period as it used last period or last year.or more on this term, search our site: Studies show that exam questions are a great way to learn and retain important information. Gain access to our 1,700 accounting exam questions (and answers) when you upgrade to PRO.
As inventory is counted, the retail price of each item is recorded. The company uses the mark-up rate(s) to convert the retail price into cost for each item. Ending inventory numbers are used to determine cost of goods sold if necessary. â¢ Consistency refers to between-periods consistency, not internal consistency. Kmart is not required to treat all inventory items the same way, but only to use the same method on the same item from one period to the next.