The Perpetual Inventory System Is a System Which

question 123

Multiple Choice

The perpetual inventory system is a system which:

• A)updates inventory continuously.
• B)uses either FIFO,LIFO,weighted-average,or specific invoice method.
• C)never needs a physical inventory taken.
• D)both A and B.

Learn about the components that can be included in notes pages and handouts.

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Definitions:

Dividend Income

Earnings distributed to shareholders from the profits achieved by a company, often calculated per share and paid out in cash or additional shares.

Fair Value

An estimated market value of an asset, liability, or financial instrument, determined based on the current market conditions and not its historical cost.

Equity Investment

Investment in stock or equity interests of a company, representing ownership and often granting voting rights and dividends to the investor.