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Question 49 (1 point) In a perpetual inventory system, the cost of inventory purchased is recorded in the Purchases account 3 True False Question 50

Question 49 (1 point) In a perpetual inventory system, the cost of inventory purchased is recorded in the Purchases account 3 True False Question 50 (1 point) 8 FOB shipping or FOB factory means ownership of goods transfers to the buyer at the buyer's place of business True False Question 51 (1 point) Non-business organizations often operate educational and religious services for profit True

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