Explain why a periodic-review system, in general, will carry more inventory than a continuous-review system.

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Posted Date: Dec 21, 2020 05:44 AM

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Explain why a periodic-review system, in general, will carry more inventory than a continuous-review system.

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If you work in retail inventory review is a must You need to know how much inventory you have so you know when and what to reorder Accurate accounting also needs inventory counts so you can calculate ... View the full answer

Cornerstones of Financial and Managerial Accounting

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