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The value of inventory is not one of the most important assets of the company, which affects the outcome of the company's balance sheet of profit or loss. O True False The following transaction occurred in one of the companies during the year 2020. the company purchase stock on account from mizzen for 150000 IQD and the end period Record The Transactions in The journal by used periodic inventory system are Purchases ... 150000 To account payable (Mazen).... 150000 O true false This is a required