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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    When a Periodic Inventory System Is in Use,at the End
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When a Periodic Inventory System Is in Use,at the End

Question 207

Question 207

True/False

When a periodic inventory system is in use,at the end of each period a "book-to-physical" adjustment will be made to reduce inventory for shrinkage.

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