Due to Increased Competition,many of the Farms That Existed 50

question 147

Multiple Choice

Due to increased competition,many of the farms that existed 50 years ago have been replaced by what?

• A)the manufacturing sector
• B)larger farms
• C)cities
• D)the production sector

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Definitions:

Periodic Inventory Method

A method of inventory valuation for financial reporting purposes where a physical count of the inventory is performed at specific intervals; costs of goods sold are calculated at the end of the accounting period.