Match the terms with the descriptions provided.
-under the perpetual inventory system,a reduction in the inventory account balance not caused by a sale or return
A) consignment
B) discount period
C) inventory
D) LIFO reserve
E) Lower of cost or net realizable value
F) purchase allowance
G) purchase discounts
H) purchase returns
I) purchases
Correct Answer:
Verified
Q82: Match the terms with the descriptions provided.
-reduction
Q83: Match the terms with the descriptions provided.
-companies
Q84: Match the terms with the descriptions provided.
-reduction
Q85: Match the terms with the descriptions provided.
-term
Q86: Match the terms with the descriptions provided.
-measures
Q88: Match the terms with the descriptions provided.
-arrangement
Q89: Match the terms with the descriptions provided.
-in
Q90: Match the terms with the descriptions provided.
-time
Q91: Match the terms with the descriptions provided.
-general
Q92: Match the terms with the descriptions provided.
-amount
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