If a merchandiser uses the periodic inventory system, it is necessary to conduct a physical count of ...

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If a merchandiser uses the periodic inventory system, it is necessary to conduct a physical count of ...

If a merchandiser uses the periodic inventory system, it is necessary to conduct a physical count of inventory to determine the quantity of inventory on hand.
A) True
B) False

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

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H3Ko Author

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I just realized you had posted this! Thanks so much

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