Taking a Physical Count of Inventory

question 67

Multiple Choice

Taking a physical count of inventory

• A) is not necessary when a periodic inventory system is used
• B) should be done near year-end
• C) has no internal control relevance
• D) is not necessary when a perpetual inventory system is used

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Definitions:

Political Subject

An individual or entity considered within the context of political influence, rights, and responsibilities.

Catchy

Attracting attention or interest easily; memorable and appealing.

Nixon

Richard Nixon, the 37th President of the United States, who served from 1969 until 1974, when he resigned due to the Watergate scandal.

Television

A system for transmitting visual images and sound that are reproduced on screens, primarily used for broadcasting programs for entertainment, information, and education.