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Which statement is incorrect about prefabricated crowns?
Perpetual Inventory System
An inventory management method that continuously updates the count and value of inventory, reflecting additions and subtractions in real-time.
FOB Shipping Point
An Incoterm indicating that the buyer assumes ownership and risk for goods at the point of departure from the seller's shipping location.
Credit Memo
A credit memo is a document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller under previous transactions, often due to a return or a mistake.
Periodic Inventory System
An inventory tracking method where physical counts are performed at specific intervals to determine the cost of goods sold and ending inventory.
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