Which of the Following Is True of the Perpetual Inventory

question 107

Multiple Choice

Which of the following is true of the perpetual inventory system?

• A) The amount of merchandise available for sale is continuously updated in the inventory records.
• B) Physical inventory is used to determine the cost of inventory on hand at the end of the period.
• C) The inventory does not show the amount of merchandise sold.
• D) The inventory account is updated for each purchase and sale, and related items in the subsidiary ledger are updated on a monthly basis.

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Definitions:

Mass Media

Channels of communication such as television, radio, newspapers, and the internet, used to disseminate information or entertainment to a large audience.

Deviance

Behavior that violates the norms or expectations of a social group or society, which can lead to negative sanctions.

Ownership

The legal right or state of having control over something, such as property, businesses, or intellectual property.

Mass Media

Forms of media, including newspapers, television, radio, and the internet, that reach or influence large numbers of people.