Which Statement Is false

question 93

Multiple Choice

Which statement is false?

• A)Taking a physical inventory involves actually counting, weighing, or measuring each kind of inventory on hand.
• B)No matter whether a periodic or perpetual inventory system is used, all companies need to determine inventory quantities at the end of each accounting period.
• C)An inventory count is generally more accurate when goods are not being sold or received during the counting.
• D)Companies that use a perpetual inventory system must take a physical inventory to determine inventory on hand on the balance sheet date and to determine cost of goods sold for the accounting period.

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Definitions:

Savannahs

Grassland ecosystems with sparse tree coverage, typically found in tropical and subtropical regions.

Baboons

A genus of large, terrestrial monkeys known for their complex societies and behaviors, native to Africa and Arabia.

Opposability

Opposability refers to the ability of the thumb to touch the other fingers across the palm, allowing for a greater range of motion and dexterity, a key feature in human hand evolution.

Prehensility

The ability of certain body parts, like tails or fingers, to grasp or hold objects, often seen in primates and some other animals.