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Which of the following statements about going steady is true?
Employee Discounts
Reduced prices offered to employees by their employer as a part of their employment benefits or incentives.
Periodic Inventory System
An inventory accounting system where updates to inventory records are made on a periodic basis, not continuously.
Physical Inventory
A process of counting and verifying the actual inventory on hand at a business location, typically performed at the end of an accounting period.
Merchandise Purchases
Transactions involved in buying goods for resale in the normal course of business, typically constituting a significant expense for retail companies.
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