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Which of the following is not a type of business structure?
Physical Inventory
The process of counting and verifying the actual inventory on hand at a specific point in time.
LIFO Method
Last-In, First-Out, a method of inventory valuation where the most recently produced or acquired items are the first to be expensed.
Periodic Inventory System
An inventory system that updates inventory records at specific intervals, requiring physical counts to determine inventory levels.
Cost Of Goods Sold
Direct expenditures linked to the production of goods sold by a business.
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