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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
When accounting for a merchandising business, which of the following is TRUE?
A) Wholesalers must use the periodic inventory system.
B) Retailers must use the perpetual inventory system.
C) Wholesalers must use the periodic inventory system; retailers may use either the perpetual or periodic inventory system.
D) Retailers and wholesalers may use either the perpetual or periodic inventory system.
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Financial Accounting

Financial Accounting


Edition: 3rd
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
I appreciate it once again, answered correctly
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