The Computerization Has Helped Taking Physical Inventory to a Great

question 140

True/False

The computerization has helped taking physical inventory to a great extent under the periodic inventory system.

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Definitions:

Debt Financing

A method of funding in which a company borrows money to be repaid, typically with interest, at a later date.

Elected Political Officials

Individuals who have been chosen through a democratic process to hold public office and represent the interests of their constituents.

Current Taxes

Taxes that are due and payable within the current fiscal or tax year.

Personal Income Taxes

Taxes imposed on individuals or households by the government based on their income, where the tax rate increases as the taxable amount of income increases.