Addison, Inc -Under the _____ Inventory Method, Accounting Records Maintain a Continuously

question 89

Multiple Choice

Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September:
$\begin{array} { r l l } \text { Sept. } 1 & \text { Inventory } & 20 \text { units at } \$ 20 \\ 4 & \text { Sale } & 10 \text { units } \\ 10 & \text { Purchase } & 30 \text { units at } \$ 25 \\ 17 & \text { Sale } & 20 \text { units } \\ 30 & \text { Purchase } & 10 \text { units at } \$ 30 \end{array}$
-Under the _____ inventory method, accounting records maintain a continuously updated inventory value.

• A) retail
• B) periodic
• C) physical
• D) perpetual

---

Definitions:

Mutual Respect

The recognition and appreciation of the value and rights of others, reflecting a foundational aspect of healthy relationships and social interactions.

Inappropriate Behavior

Actions deemed unacceptable or improper in a given social or professional context.

Humanism

A philosophical and ethical stance emphasizing the value and agency of human beings, personally and collectively, often emphasizing human rights and dignity.

Behaviorism

A theoretical approach that emphasizes the study of observable behavior and the role of environmental forces in shaping behavior, often disregarding internal mental states.