Jones Co Takes a Physical Inventory Count of Their Merchandise Each

question 17

Multiple Choice

Jones Co. takes a physical inventory count of their merchandise each year in order to update the inventory value. This is an example of a(n) :

• A) Perpetual Inventory System
• B) Periodic Inventory System
• C) Re-evaluation Inventory System
• D) Adjusting Inventory System

---

Definitions:

Congressional Digest

A publication or report that summarizes legislative activities and decisions of the United States Congress.

Law Library

A specialized library designed to assist law students, lawyers, judges, and their legal research needs.

Federal Criminal Prosecutions

Legal proceedings initiated by the government against individuals or entities charged with violating federal criminal laws.

Federal Laws

Laws passed by the national government of a country, which apply across the entire nation and take precedence over state laws.