As with most art forms, photography includes a wide range of styles. Identify, compare, and contrast at least three major styles of photography and explain their distinguishing characteristics.

Which of the following is a characteristic of a perpetual inventory system?

1. Inventory purchases are debited to the inventory

2. Inventory records are not kept for every item

3. Cost of goods sold is recorded for each sale

4. Cost of goods sold is determined as the number of purchases