Which of the Following Statements Is Correct

question 21

Multiple Choice

Which of the following statements is correct?

• A) The periodic inventory system provides superior managerial information and internal control.
• B) The perpetual inventory system is simpler and less expensive than the periodic inventory system.
• C) Profit and inventory values are the same under the perpetual inventory system and the periodic inventory system,as long as the basic data do not show any inflation or deflation.
• D) The perpetual inventory system is only used in small companies.

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Definitions:

Blood Smear

A sample of blood spread thinly onto a microscope slide for examination, allowing for the evaluation of blood cells.

Erythrocytes

Red blood cells, which are responsible for carrying oxygen throughout the body.

Connective Tissue Matrix

The extracellular part of connective tissue, consisting of fibers (like collagen and elastin) and ground substance that provides support and binds tissues together.

Ground Substance

The amorphous gel-like substance in the extracellular matrix that provides support and binds cells together.