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:

Blinking

The rapid closing and opening of the eyelid, a reflex action to protect the eye from irritants and help spread tears over the surface.

CR

A term that could refer to several concepts depending on the context, such as Conditioned Response in behavioral psychology, indicating a learned response to a previously neutral stimulus.

Salivating

The production and release of saliva in the mouth, often in response to the anticipation of food, through a reflex action.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually triggers a conditioned response.