Under GAAP, companies can choose which inventory system? $\quad$Perpetual $\quad$Periodic
a.$\quad$Yes $\quad$$\quad$No
b.$\quad$Yes $\quad$$\quad$Yes
c.$\quad$No $\quad$$\quad$Yes
d.$\quad$No$\quad$$\quad$ No IFRS.

Question

Under GAAP, companies can choose which inventory system? $\quad$Perpetual $\quad$Periodic
a.$\quad$Yes  $\quad$$\quad$No
b.$\quad$Yes  $\quad$$\quad$Yes 
c.$\quad$No $\quad$$\quad$Yes 
d.$\quad$No$\quad$$\quad$ No IFRS.

Quizplus · Accepted Answer

The Answer of Under GAAP, companies can choose which inventory system? $\quad$Perpetual $\quad$Periodic
a.$\quad$Yes  $\quad$$\quad$No
b.$\quad$Yes  $\quad$$\quad$Yes 
c.$\quad$No $\quad$$\quad$Yes 
d.$\quad$No$\quad$$\quad$ No IFRS.

Under GAAP, Companies Can Choose Which Inventory System \quad Perpetual \quad Periodic A

Under GAAP, Companies Can Choose Which Inventory System $\quad$ Perpetual $\quad$ Periodic
A