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Assets purchased for male we recorded in which of the Tom Inventory Equipment Question 2 3.25 pts Under a perpetual inventory system, the account purchase
Assets purchased for male we recorded in which of the Tom Inventory Equipment Question 2 3.25 pts Under a perpetual inventory system, the account purchase returns and allowance is credited when goods are returned to vendors accounting records continuously disclose the amount of inventory. increases in inventory resulting from purchases are debited to purchases. there is no need for a year-end physical count. Question 3 3.25 pts ales revenues are usually considered earned when
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