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Which statements below are correct regarding the purpose of taking a physical inventory count? (Check all that apply.) Multiple select question. The physical count is

Which statements below are correct regarding the purpose of taking a physical inventory count? (Check all that apply.) Multiple select question.

The physical count is used to adjust the Inventory account balance to the actual inventory available.

The physical count is used to determine if there has been any theft, loss, damage or errors in inventory.

The physical count is used to determine if customers are paying within the discount period.

The physical count is used to determine if management needs to reassign sales responsibilities.

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