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  3. Study Set
    Financial Accounting Information for Decisions Study Set 2
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    Exam 5: Reporting and Analyzing Inventories
  5. Question
    To Avoid the Time-Consuming Process of Taking an Inventory Each
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To Avoid the Time-Consuming Process of Taking an Inventory Each

Question 213

Question 213

True/False

To avoid the time-consuming process of taking an inventory each year, the majority of companies use the gross profit method to estimate ending inventory.

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