A perpetual inventory system:
a) assures that a company will never run out of inventory
b) updates the inventory figures each tim a transaction is made
c) lasts forever
d) requires the company to count inventory at the end of each period
Answer: B
A perpetual inventory system:
a) assures that a company will never run out of inventory
b) updates the inventory figures each tim a transaction is made
c) lasts forever
d) requires the company to count inventory at the end of each period
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