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11 Dec 2019
Which of the following statements about a periodic inventory system is true?
- Companies continuously maintain detailed records of the cost of each inventory purchase and sale.
- The periodic system provides better control over inventories than a perpetual system.
- Companies determine cost of goods sold only at the end of the accounting period.
- The increased use of computerized systems has increased the use of the periodic system.
Which of the following statements about a periodic inventory system is true?
- Companies continuously maintain detailed records of the cost of each inventory purchase and sale.
- The periodic system provides better control over inventories than a perpetual system.
- Companies determine cost of goods sold only at the end of the accounting period.
- The increased use of computerized systems has increased the use of the periodic system.
Lulama KlaasLv10
10 Dec 2020