If a Company Determines Cost of Goods Sold Each Time

question 135

Multiple Choice

If a company determines cost of goods sold each time a sale occurs it

• A) must have a computer accounting system.
• B) uses a combination of the perpetual and periodic inventory systems.
• C) uses a periodic inventory system.
• D) uses a perpetual inventory system.

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Definitions:

Bordetella Pertussis

A bacterial pathogen that causes whooping cough, a highly contagious respiratory disease.

Urinary Tract Infection

Urinary Tract Infection (UTI) is an infection affecting the urinary system, including the bladder and urethra, often caused by bacteria and characterized by frequent and painful urination.

Tetanus

A bacterial infection characterized by muscle spasms, often starting in the jaw, which can be prevented by vaccination.