Identify whether each description best applies to a periodic or a perpetual inventory system. a.Updates the inventory
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Question:
Identify whether each description best applies to a periodic or a perpetual inventory system.
a.Updates the inventory account continually.
b.Gives managers immediate access to detailed information on sales.
c.Gives managers immediate access to detailed information on inventory levels.
d.Records an accounting entry each time inventory is sold.
e.Gives managers information to strategically react to sales trends as they occur.
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