Question: HELP ASAP 1, 2 & 3???? not sure if I answered correctly QUESTION 1 A physical inventory is usually taken during a period of high

HELP ASAP 1, 2 & 3???? not sure if I answered correctly

QUESTION 1 A physical inventory is usually taken during a period of high activity O True False QUESTION 2 Merchandise sold F.O.B. destination belongs to the buyer while in transit. True False QUESTION 3 The retail method requires a company to state inventory on the year-end balance sheet at its retail value. True False

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