In a Perpetual Inventory System,the Physical Count of Inventory ________

question 147

Multiple Choice

In a perpetual inventory system,the physical count of inventory ________,

• A) serves as a check of the perpetual records
• B) captures transactions that are not recorded by the electronic system
• C) establishes the correct amount of ending inventory for the financial statements
• D) All the above statements are correct.

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Definitions:

Automatic

Tasks or processes that occur without the need for conscious thought, often as a result of learning or repetition.

Automatic Attitudes

Immediate, involuntary responses or evaluations that one has toward an object or concept.

Deliberate Attitudes

Conscious and intentional evaluations or feelings towards objects, people, or concepts.

Measure

In research and statistics, a measure refers to a method or tool used to assess, quantify, or record qualities, quantities, or performance.