The periodic inventory system differs from the perpetual inventory system: a. because the periodic system is not

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The periodic inventory system differs from the perpetual inventory system:

a. because the periodic system is not compatible with modern technology.

b. because the perpetual system continually updates inventory, while the periodic inventory system only updates inventory at the end of the period.

c. because the periodic system continually updates inventory, while the perpetual inventory system only updates inventory at the end of the period.

d. because the periodic system is more complex and costly.

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 16, 2024 08:02 AM

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The periodic inventory system differs from the perpetual inventory system: a. because the periodic system is not

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The correct answer is b because the perpetual system continually updates inventory while the periodi...View the full answer

Financial Accounting For Undergraduates

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