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Under the perpetual method, the balance in the Inventory account: increases when customers return merchandise and the company returns merchandise to vendors. decreases when customers
Under the perpetual method, the balance in the Inventory account: increases when customers return merchandise and the company returns merchandise to vendors. decreases when customers return merchandise and the company receives vendor purchase allowances. decreases when merchandise is sold and merchandise is purchased. increases when customers return merchandise and decreases when the company returns merchandise to vendors
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