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In a perpetual inventory system, physical inventory is taken for two primary reasons. Select them from the list below. a) Check accuracy of inventory records

In a perpetual inventory system, physical inventory is taken for two primary reasons. Select them from the list below.

a) Check accuracy of inventory records

b) Cash management

c) Determine amount of inventory lost to shoplifting/theft or wasted materials

d) To adjust liabilities on the balance sheet

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