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Which Statement Is Incorrect

Question 42

Multiple Choice

Which statement is incorrect?


A) Periodic inventory systems provide better control over inventories than perpetual inventory systems.
B) Computers and electronic scanners allow more companies to use a perpetual inventory system.
C) Freight-in is debited to Inventory when a perpetual inventory system is used.
D) Regardless of the inventory system that is used, companies should take a physical inventory count.

Correct Answer:

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