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    Financial Accounting Study Set 28
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    Companies Cannot Use the
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Companies Cannot Use the

Question 214

Question 214

Multiple Choice

Companies cannot use the


A) periodic inventory system under GAAP.
B) periodic inventory system under IFRS.
C) perpetual system under IFRS.
D) None of these answer choices are correct.

Correct Answer:

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