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    Horngrens Accounting Study Set 2
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    Exam 6: Accounting for Merchandise Inventory
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    A Perpetual Inventory System
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A Perpetual Inventory System

Question 97

Question 97

Multiple Choice

A perpetual inventory system:


A) keeps a running record of all goods.
B) can be maintained only with computer software.
C) is used only for inexpensive goods.
D) does not require a physical count at the end of the fiscal year.

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