Question: 2:261 ILTE wk7 Ch5 part 2 2 Identiry whether each desoription best applies to a periodic ora perpetual inventory system more Simely information to Requires

2:261 ILTE wk7 Ch5 part 2 2 Identiry whether each desoription best applies to a periodic ora perpetual inventory system more Simely information to Requires an adjusting entry to record inventory Markedy increased in frequency and popularity in business within the past decade Reconds cost of goods sold each tme a sales Updates the inventory account only at periodend

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