Question: QUESTION 38 Cycle counting: is a process by which inventory records are verified once a year. eliminates annual inventory adjustments. provides a measure of inventory

QUESTION 38 Cycle counting: is a process by which
QUESTION 38 Cycle counting: is a process by which inventory records are verified once a year. eliminates annual inventory adjustments. provides a measure of inventory turnover. assumes that all inventory records must be verified with the same frequency. QUESTION 39

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