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    Financial and Managerial Accounting Study Set 11
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    Exam 6: Inventories
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    Match Each Description to the Appropriate Inventory System (A or B).​
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Match Each Description to the Appropriate Inventory System (A or B).​

Question 147

Question 147

Short Answer

Match each description to the appropriate inventory system (a or b).​
-When using this system, a physical inventory is necessary to determine cost of goods sold.
A)Perpetual
B)Periodic

Correct Answer:

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