QUESTION 14 Which of the following would be considered as primarily a merchandiser business? a. Mabel's Accounting Service b. Santos Law Offices c. Henry's Book Store d. Fuller Consulting QUESTION 15 Which of the following is true of product costs? a. They are matched against revenue in the period immediately following the purchase. b. They are matched against revenue when the merchandise is sold. c. They are matched against revenue in the period immediately following the sale. d. They are matched against revenue when the merchandise is purchased. QUESTION 16 Fragrant Company uses the perpetual inventory method. Fragrant sold goods that cost $6,600 for $8,700. If the sale was made on account, the sale will: a. increase total equity by $6,600. b.increase total assets by $2,100. c. increase total assets by $8,700. d. increase total liabilities by $4,600