Companies Have the Choice of Physically Counting Inventory on Hand

question 185

True/False

Companies have the choice of physically counting inventory on hand at the end of the year or using the gross profit method to estimate the ending inventory.

---

Definitions:

Constrained

Restricted or limited in terms of actions, freedom, or possibilities.

Truth

The quality or state of being in accordance with fact or reality.

Privilege

A special right, advantage, or immunity granted to a particular person or group of people.

Defamation

The act of communicating false statements about a person that injure their reputation.