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Which of the following is a major disadvantage of the periodic inventory system? a. Inventory shrinkage is separately determined. b. The ending inventory is determined

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Which of the following is a major disadvantage of the periodic inventory system? a. Inventory shrinkage is separately determined. b. The ending inventory is determined by a physical count. c. The adjusting process is the same under the perpetual and periodic inventory systems. d. Inventory shrinkage is not separately determined

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