A Physical Inventory Is Usually Taken

question 145

Multiple Choice

A physical inventory is usually taken

• A) at the beginning of the fiscal year.
• B) at the end of the busy season.
• C) at the end of the fiscal year.
• D) when the perpetual inventory system,but not the periodic inventory system,is being used.

---

Definitions:

United States

A country in North America, composed of 50 states, known for its vast size, diverse population, and influence in global economic, political, and cultural arenas.

Italy

A country located in southern Europe, known for its rich history, art, culture, and significant contributions to world civilization.

Historical Project

An endeavor or research activity that seeks to uncover, interpret, or preserve past events and their significance.

Consumerism

The societal trend that emphasizes the acquisition of goods and services in ever-greater amounts, often associated with a way of life that values consumption.