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Respond to the following statements with reference to the five terms listed below.
-Cleavage produces a(n) __________ stage embryo.
A)zygote
B)blastula
C)cleavage
D)gastrula
E)somites
Perpetual Inventory
An inventory system that records changes in inventory levels immediately as they occur, facilitating real-time tracking of stock.
Financial Statements
Reports that summarize the financial condition and operations of a business, including balance sheet, income statement, and cash flow statement.
Net Realizable Value
The estimated selling price of goods, minus the costs of their completion and the costs required to make the sale, used in inventory valuation and accounts receivable.
Merchandise Value
The total worth of goods held for resale by a retail or wholesale business, typically assessed at cost or market price.
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