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1. Briefly describe why companies that use perpetual inventory systems must still perform physical inventories. 2. It is the end of the accounting period,
1. Briefly describe why companies that use perpetual inventory systems must still perform physical inventories. 2. It is the end of the accounting period, and your boss asks you to help determine the inventory balance to place in the company's balance sheet. Explain which physical quantities of inventory that you will include and which you will exclude.
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Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
