According to Berkeley,in Order for Something to Exist It Must

question 40

Multiple Choice

According to Berkeley,in order for something to exist it must:

• A)be perceived
• B)consist of primary qualities
• C)consist of matter
• D)exist spiritually

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Definitions:

Periodic Inventory System

A periodic inventory system is a method of inventory valuation in which physical inventory counts are performed at specific intervals to determine the cost of goods sold and ending inventory.

Ending Inventory

The total value of a company's inventory available at the end of an accounting period, instrumental in calculating the cost of goods sold.