Small Businesses Use the Periodic Inventory Method Because It

question 8

Multiple Choice

Small businesses use the periodic inventory method because it:

• A) gives instant access to accurate inventory records.
• B) records the receipt and sale of each item as it occurs.
• C) meets the requirements of local and federal taxing agencies.
• D) uses bar codes that are unique to each item of inventory.

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Definitions:

Racial and Ethnic Differences

Variations in the characteristics, histories, and cultures among groups of people identified by their race and ethnicity.

Portrayed

Represented in art or literature.

Media

Channels or tools used to store and deliver information or data to an audience, including digital, print, and broadcast formats.

Intercompany Transfers

Transactions involving the transfer of goods, services, or funds between units, divisions, or subsidiaries within the same parent company or corporate group.