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    Exam 5: Inventories and Cost of Goods Sold
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    When an Inventory System Updates the Inventory Account at the Time
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When an Inventory System Updates the Inventory Account at the Time

Question 173

Question 173

Multiple Choice

When an inventory system updates the Inventory account at the time of each sale, this is known as:


A) a perpetual system
B) an accrual system
C) a periodic system
D) a contra-purchase system

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