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Technician A uses a universal gauge tester to diagnose gauge problems. Technician B uses a scan tool to test the ECT (engine coolant temperature) sensor. Who is correct?
Gross Method
An accounting practice for recording inventory purchases without deducing available purchase discounts, presenting the gross cost in financial statements.
Cash Payment
Cash payment refers to transactions where the payment for goods or services is made immediately using physical currency or through electronic means that represent immediate funds transfer.
Merchandise Return
Occurs when a customer returns a product to the seller for a refund or exchange due to dissatisfaction or defects.
Perpetual Inventory System
An inventory management system that tracks the sale and restock of inventory items in real-time.
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