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    Fundamentals of Financial Accounting Study Set 2
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    Exam 6: Merchandising Operations and the Multi-Step Income Statement
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    In Order to Calculate Shrinkage
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In Order to Calculate Shrinkage

Question 21

Question 21

Multiple Choice

In order to calculate shrinkage:


A) both periodic and perpetual inventory systems are needed.
B) a periodic inventory system is most effective.
C) a perpetual inventory system requires an occasional count of actual inventory.
D) it does not matter which system one uses.

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