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Under a perpetual inventory system, inventory is recognized as cost of goods sold when a company pays for the inventory. sells the inventory. purchases the
Under a perpetual inventory system, inventory is recognized as cost of goods sold when a company
pays for the inventory.
sells the inventory.
purchases the inventory.
receives payment from the customer.
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Financial Accounting with International Financial Reporting Standards
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
4th edition
1119504309, 1-119-50340-8, 9781119503408 , 978-1119504306
