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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
  5. Question
    Most Companies Do Not Take a Physical Count of Inventory
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Most Companies Do Not Take a Physical Count of Inventory

Question 146

Question 146

True/False

Most companies do not take a physical count of inventory each year, but rather rely on inventory records to determine the inventory value.

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