Which of the Following Statements About a Periodic Inventory System

question 119

Multiple Choice

Which of the following statements about a periodic inventory system is not correct?

• A)These systems are used primarily by small businesses with manual accounting systems.
• B)The system does not include an up-to-date inventory ledger.
• C)The balance in the Inventory account remains unchanged until the end of the period.
• D)The Cost of Goods Sold account is updated as sales transactions occur.

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Definitions:

Nursing Interventions

Actions undertaken by nurses to address patient health problems and improve the care of patients.

Diabetes

A chronic condition characterized by high levels of sugar in the blood, caused by the body's inability to produce or properly use insulin.

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The desires or choices of a patient regarding their healthcare, including treatment options, based on their values and beliefs.

Electronic Care Planning

The use of digital tools and software to create, document, and manage plans for patient care in a healthcare setting.