Question: Which statement concerning reduction planning is not correct?Group of answer choicesReduction planning is crucial in the cost method of retail accounting.Merchandise carryover from one period

Which statement concerning reduction planning is not correct?Group of answer choicesReduction planning is crucial in the cost method of retail accounting.Merchandise carryover from one period to another affects the magnitude of reductions.Changes in pilferage control will affect reduction planning.Reductions can include markdowns, employee discounts, and stock shortages.

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