Which One of the Following Statements Concerning the Periodic and Perpetual

question 19

Multiple Choice

Which one of the following statements concerning the periodic and perpetual inventory systems is true?

• A) The periodic system uses a purchases account.
• B) None of the accounting entries vary between the two systems.
• C) Inventory controls are only needed for the periodic inventory systems.
• D) Due to advances in computers, many businesses recently have begun to use the periodic inventory system.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist, established psychoanalysis as a technique for treating mental disorders through conversation between a patient and a psychoanalyst.

Psychotherapy

A form of treatment aimed at improving mental health and well-being by discussing and exploring issues with a trained therapist.

Older Adults

Individuals who are in the later phase of their life, often defined as being 65 years of age or older, focusing on aspects related to aging and senior living.

Cerebrovascular Damage

Refers to injury or harm to the blood vessels in the brain, potentially leading to stroke or other neurological impairments.