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Which one of the following statements accurately describes a perpetual inventory system? Multiple choice question. It is an inventory system that automatically orders inventory from

Which one of the following statements accurately describes a perpetual inventory system?

Multiple choice question.

It is an inventory system that automatically orders inventory from suppliers when it reaches a certain level.

It is an inventory system that updates the accounting records for merchandise transactions only at the end of a period.

It is an inventory system that maintains a continuous level of inventory on the shelves of a merchandiser.

It is an inventory system that continually updates accounting records for merchandise transactions.

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