The simple moving average is a weighted average

If the historical cost of inventory is less than its current replacement cost, the business must write down the inventory cost

Indicate whether the statement is true or false

Carol's mother died and Carol inherited a lot of large valuable antique furniture. Carol does not have any room in her apartment for this furniture so she wants to sell it

She goes to Elite Antiques, a well-known antique store and they agree that Carol can put the furniture in their store and Elite will try to sell the furniture. If the furniture sells Elite will get 40% of the sale price and Carol will get 60%. This is an example of A) a financing lease B) a consignment C) an assignment D) a conditional sales contract E) a receivership