From an Accounting Point of View,one Implication of an Effective

question 143

Multiple Choice

From an accounting point of view,one implication of an effective just-in-time inventory system is that:

• A)Sales transactions must be recorded using on-line point-of-sale terminals.
• B)Inventories are less material in dollar amount and alternative inventory flow assumptions will produce more similar results.
• C)The cost of goods sold is significantly reduced.
• D)Purchases of merchandise are recorded as cash payments are made,and sales transactions are recorded as cash is received.

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