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2. A retailer takes a physical inventory at the end December. When the physical count is compared to the perpetual inventory records, the actual inventory

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2. A retailer takes a physical inventory at the end December. When the physical count is compared to the perpetual inventory records, the actual inventory counted at year end is found to be much lowe that indicated by the perpetual inventory. The merchandise inventories of some stores were off more than others, but all had deficiencies. What probably caused these losses and what steps could be taken to prevent these shortages in the future

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