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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
    When a Perpetual Inventory System Is Used, the Inventory Account
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When a Perpetual Inventory System Is Used, the Inventory Account

Question 132

Question 132

True/False

When a perpetual inventory system is used, the inventory account is usually a control account maintained in the general ledger.

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