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

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Definitions:

Strength

Refers to the magnitude or intensity of a relationship between variables in a study.

One-Tailed

One-tailed tests in statistics specify a direction of the hypothesis, predicting either a positive or negative change but not both.

Statistically Significant

Indicating that a result from data analysis is not likely to occur by chance alone, according to a pre-determined significance level, and suggests true effects or differences.

Infinity

A concept in mathematics denoting something without any limit, often represented by the symbol ∞.