Multiple Choice
Regarding a periodic inventory system,which of the following statements is incorrect?
A) The periodic inventory system is normally used for relatively expensive goods.
B) Restaurants and small retail stores normally use the periodic inventory system.
C) Periodic inventory systems are becoming less and less popular.
D) The physical count of inventory is required in order to determine the quantities on hand.
Correct Answer:
Verified
Correct Answer:
Verified
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