Which of the following statements is FALSE?
A) Historically,the periodic system has been associated with low volume,high value items.
B) Historically,the perpetual system has been considered more expensive and cumbersome to maintain.
C) The perpetual system is better able to aid management in pricing and ordering inventory.
D) Computerized inventory systems and optical scanning equipment are examples of ways to implement a perpetual inventory system.
E) The perpetual inventory system is more likely than the periodic inventory system to isolate inventory shrinkage due to breakage,loss,or theft.
Correct Answer:
Verified
Q2: In regards to physical inventory counts and
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Q4: The two main types of inventory systems
Q5: If a company is using a periodic
Q6: If a company using a periodic inventory
Q7: Inventory valuation is linked to gross profit
Q8: A perpetual inventory system offers all of
Q9: In a periodic inventory system the quantity
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