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Which of the following are characteristics of a perpetual inventory system? A. Management knows how much inventory is on hand at all times. B. The

Which of the following are characteristics of a perpetual inventory system?

A. Management knows how much inventory is on hand at all times.

B. The computer tracks inventory upon a sale and the cost of goods and inventory are immediately updated.

C. Purchases of inventory are recorded to the inventory account.

D. All of these answer choices are characteristics of a perpetual inventory system.

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