Question: 1 point Taking a physical inventory involves counting, weighing, or measuring specific kinds of inventory on hand. It is performed when the business is operational,

1 point Taking a physical inventory involves counting, weighing, or measuring specific kinds of inventory on hand. It is performed when the business is operational, or business is growing at a rapid pace. True False 1 point In a multiple-step income statement, cost of goods sold is added to the net sales to get the gross profit. True False

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