In a Perpetual Inventory System,the Physical Count of Inventory ________

question 46

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 statements are correct.

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Definitions:

Multiple Nuclei

A condition where a cell contains more than one nucleus, common in certain types of muscle cells and some fungal species.

Micronucleus

One or more smaller nuclei found, along with the macronucleus, in ciliates. The micronucleus is involved in sexual reproduction. Compare with macronucleus.

Macronucleus

A large nucleus found, along with one or several micronuclei, in ciliates. The macronucleus regulates metabolism and growth. Compare with micronucleus.

Ciliates

A group of protozoans characterized by the presence of hair-like structures called cilia, used for movement and feeding.