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    Financial Accounting Study Set 31
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    Exam 5: Accounting for Merchandising Operations
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    Under a Perpetual Inventory System, Inventory Shrinkage and Lost or Stolen
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Under a Perpetual Inventory System, Inventory Shrinkage and Lost or Stolen

Question 126

Question 126

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Under a perpetual inventory system, inventory shrinkage and lost or stolen goods are more readily determined.

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