When is a physical inventory usually taken? (a) When the company has its greatest amount of inventory.

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When is a physical inventory usually taken?

(a) When the company has its greatest amount of inventory.

(b) When goods are not being sold or received.

(c) At the end of the company’s fiscal year.

(d) Both

(b) and (c).

AppendixLO1

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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