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Which of the following statements is true about the periodic inventory system? Select one: a. Inventory records are constantly updated b. Bar code scanners are
Which of the following statements is true about the periodic inventory system?
Select one:
a. Inventory records are constantly updated
b. Bar code scanners are most often associated with this system
c. Purchases of inventory are journalized as an expense at the time of purchase
d. Cost of sales is recorded at the time of sale
e. None of the abov
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