Question: Progress: 1 3 / 1 5 items Question Content Area The periodic inventory system a . records a discount only if it is taken. b

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Question Content Area
The periodic inventory system
a. records a discount only if it is taken.
b. records a discount only if it is not taken.
c. establishes ending inventory by performing a physical count.
d. maintains an up-to-date cost of goods sold account balance.

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