Question: Question 3 (1 point) A perpetual inventory system gives a continuous record of the amount of inventory on hand. True False Question 4 (1 point)

Question 3 (1 point) A perpetual inventory system gives a continuous

Question 3 (1 point) A perpetual inventory system gives a continuous record of the amount of inventory on hand. True False Question 4 (1 point) In a periodic inventory system, cost of goods sold is not recorded as each sale occurs. True False

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