One Difference Between Periodic and Perpetual Inventory Systems Is

question 6

Multiple Choice

One difference between periodic and perpetual inventory systems is:

• A) Cost of goods sold is not recorded under a perpetual system until the end of the period.
• B) Cost of goods sold is not recorded under a periodic system until the end of the period.
• C) Cost of goods sold is always significantly higher under a perpetual system.
• D) Cost of goods sold is always significantly higher under a periodic system.

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Definitions:

Fluid Balance

The maintenance of the correct amount of fluid in the body, crucial for ensuring that all cells and organs function effectively.

Clear-Liquid Diet

A diet consisting only of clear liquids like water, broth, and certain juices, often recommended before medical tests or surgery.

Gelatin

A translucent, colorless, flavorless food ingredient derived from collagen obtained from various animal body parts, used in food as a gelling agent.

Intracellular Antioxidant

A substance within cells that reduces oxidative damage by neutralizing free radicals, thereby protecting cellular integrity.