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    Intermediate Accounting Study Set 9
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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
  5. Question
    A Modified Perpetual Inventory System Provides Detailed Inventory Records of Increases
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A Modified Perpetual Inventory System Provides Detailed Inventory Records of Increases

Question 59

Question 59

True/False

A modified perpetual inventory system provides detailed inventory records of increases and decreases in quantities only-not dollar amounts.

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