Question: 1. most companies use the periodic inventory method (true/false?) 2. the inventory database doesn't include sales price because that comes much later, when the product

1. most companies use the periodic inventory method (true/false?)

2. the inventory database doesn't include sales price because that comes much later, when the product is sold (true/false)?

3. markups and markdowns require journal entry and database adjustments (true/false)?

4. authorizations have little influence in inventory (true/false)?

5. perpetual systems are not linked to GLS (true/false)?

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