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  3. Study Set
    Intermediate Accounting Study Set 3
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    Exam 8: Cost-Based Inventories and Cost of Sales
  5. Question
    Under a Periodic Inventory System, the Ending Inventory Balance Is
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Under a Periodic Inventory System, the Ending Inventory Balance Is

Question 155

Question 155

True/False

Under a periodic inventory system, the ending inventory balance is computed as a residual amount.

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