7. In a perpetual inventory system, the inventory account is only used to reflect the beginning balance. A. True B. False 8. In a multiple-step income statement the dollar amount for income from operations is always the same as net income. A. True B. False 9. Other income and expenses are items that are not related to the primary operating activity. A. True B. False 10. Sales to customers who use bank credit cards, such as MasterCard and Visa, are generally treated as cash sales. A. True B. False