Which Statement Is Incorrect

question 42

Multiple Choice

Which statement is incorrect?

• A)Periodic inventory systems provide better control over inventories than perpetual inventory systems.
• B)Computers and electronic scanners allow more companies to use a perpetual inventory system.
• C)Freight-in is debited to Inventory when a perpetual inventory system is used.
• D)Regardless of the inventory system that is used, companies should take a physical inventory count.

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Definitions:

Appeal Procedures

The systematic process through which a decision or judgment can be challenged or reviewed by a higher authority.

Tolerance For Conflict

The capacity to manage and endure disagreements or disputes without adverse effects.

Broker Or Facilitator Role

A position taken by a professional or an organization to mediate between parties, link clients with services, or ensure that processes run smoothly.

Testifying At Public Hearing

The act of giving a statement or evidence based on personal knowledge or belief in front of a public legislative body or court, often as part of a legal or governmental process.