Question: Which of the following is true regarding periodic inventory systems?: Periodic inventory systems are widely used by companies like car dealerships Periodic inventory systems have

Which of the following is true regarding periodic inventory systems?:

Periodic inventory systems are widely used by companies like car dealerships

Periodic inventory systems have been made obsolete due to technologies such as bar-coded and stock-keeping unit (SKU) systems

Most public companies regulated by the SEC are required to use periodic inventory systems

Companies that use a periodic inventory system always know how much inventory is on hand

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