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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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    The Periodic Inventory System Is Used Most Commonly by Companies
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The Periodic Inventory System Is Used Most Commonly by Companies

Question 163

Question 163

Multiple Choice

The periodic inventory system is used most commonly by companies that sell


A) low-priced, high-volume merchandise.
B) high-priced, high-volume merchandise.
C) high-priced, low-volume merchandise.
D) high-priced, low and high-volume merchandise.

Correct Answer:

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