When Accounting for a Merchandising Business, Which of the Following

question 34

Multiple Choice

When accounting for a merchandising business, which of the following is TRUE?

• A)Wholesalers must use the periodic inventory system.
• B)Retailers must use the perpetual inventory system.
• C)Wholesalers must use the periodic inventory system; retailers may use either the perpetual or periodic inventory system.
• D)Retailers and wholesalers may use either the perpetual or periodic inventory system.

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Definitions:

Groin Muscles

The group of muscles in the groin area that assist in the movement of the leg and play a role in maintaining stability.

Kneeling Position

A physical stance where one or both knees touch the ground, often used for stability in work or as a form of respect or submission.

Hip Muscles

The group of muscles surrounding the hip joint that are responsible for the movement of the hip and maintaining stability.

Calf Muscles

The muscles located at the back of the lower leg, responsible for movements of the foot and ankle.