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Periodic and perpetual are examples of inventory costing systems. a. True b. False The determination of the balance sheet cost of merchandise inventory is not

Periodic and perpetual are examples of inventory costing systems.

a. True

b. False

The determination of the balance sheet cost of merchandise inventory is not important to the determination of net income.

a. True

b. False

Which of the following documents would be prepared (by a buyer of goods) after the others?

a. Purchase requisition

b. Purchase order

c. Receiving report

d. Check

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