Question: When a periodic inventory system is used, a . only the cost of merchandise sold is recorded each time a sale is made. b .

When a periodic inventory system is used,
a. only the cost of merchandise sold is recorded each time a sale is made.
b. only the reduction of inventory is recorded each time a sale is made.
c. only revenue is recorded each time a sale is made.
d. None of these choices are correct.

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