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ex + webapps/assessment/take/launch.jspcourse assessment id=_19397_1&course id=_19831_18 content id=_264255_1&step=null Remaining Time: 45 minutes, 14 seconds Question Completion Status: QUESTION 5 Which of the following are characteristics of a periodic inventory system? The system does not maintain a continuous record O Management knows how much inventory is on hand at all times The computer tracks inventory upon a sale and the cost of goods and inventory are immediately updated O Purchases of inventory are recorded to the inventory account QUESTION 6 The preference to dividends that preferred stockholders have s the right to receive the appropriate dividend before common stockholders are paid any dividends when dividends are declared the right to accumulate dividends that have not been declared the right to share dividends equally with common stockholders when dividends are declaced the night to be paid a minimum dividend each year