Which of the following statements is NOT true about a fixed-period system? OA. A fixed-period system...
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Which of the following statements is NOT true about a fixed-period system? OA. A fixed-period system is also called "continuous review." OB. The disadvantage of the fixed-period system is that because there is no tally of inventory during the review period, there is the possibility of a stockout during this time. OC. The advantage of the fixed-period system is that there is no physical count of inventory items after an item is withdrawn. OD. A fixed-period system is appropriate when vendors make routine visits to customers to take fresh orders or when purchasers want to combine orders to save ordering and transportation costs. Click to select your answer. Save for Later esc BB Q 62 skole W 20 # 3 E 54 DOD 000 $ R 70 % 5 T ^ 6 Y & 7 F7 U ▶11 * 8 F6 I 1 9 14 O 1 0 F10 m P = va ☺ POR Which of the following statements is NOT true about a fixed-period system? OA. A fixed-period system is also called "continuous review." OB. The disadvantage of the fixed-period system is that because there is no tally of inventory during the review period, there is the possibility of a stockout during this time. OC. The advantage of the fixed-period system is that there is no physical count of inventory items after an item is withdrawn. OD. A fixed-period system is appropriate when vendors make routine visits to customers to take fresh orders or when purchasers want to combine orders to save ordering and transportation costs. Click to select your answer. Save for Later esc BB Q 62 skole W 20 # 3 E 54 DOD 000 $ R 70 % 5 T ^ 6 Y & 7 F7 U ▶11 * 8 F6 I 1 9 14 O 1 0 F10 m P = va ☺ POR
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The fixedperiod system involves periodic physical counts of inv... View the full answer
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date:
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