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    Financial Accounting Study Set 6
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    Exam 6: Inventory and Cost of Goods Sold
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    As a Perpetual Inventory System Continuously Updates the Inventory Account
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As a Perpetual Inventory System Continuously Updates the Inventory Account

Question 39

Question 39

True/False

As a perpetual inventory system continuously updates the inventory account, a physical inventory count is not necessary to prove the inventory records.

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