With a Periodic Inventory Method,it Is Necessary to Conduct a Physical

question 56

True/False

With a periodic inventory method,it is necessary to conduct a physical count of inventory to determine cost of sales.

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Definitions:

Electoral College

A body of electors established by the United States Constitution, which formally selects the President and Vice President based on the popular vote in each state.

Constitutional Amendment

A change or addition to the US Constitution, requiring approval by a significant majority in Congress and ratification by a set number of states.

Votes Cast

The total number of ballots submitted by voters in an election, serving as the basis for determining the outcome of that election.

Minimum Age

The legal age set by law that a person must reach to engage in certain activities or responsibilities, such as voting, drinking alcohol, or working.