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Which of the following statements is false in a perpetual inventory system? 1) Freight paid by the buyer is included in the cost of inventory.

Which of the following statements is false in a perpetual inventory system? 1) Freight paid by the buyer is included in the cost of inventory. 2) Purchase Discounts decrease inventory. 3) Purchase Returns and Sales Returns decrease inventory. 4) Goods sold to a customer decreases inventory

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