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upton upton
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8 years ago
Possible reasons for a business estimating the value of the ending inventory should include:
A) the inventory is destroyed by fire.
B) the business uses periodic system and needs to prepare interim financial statements.
C) the business uses perpetual system so a physical inventory is never needed.
D) Both A and B are correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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8 years ago
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upton Author
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8 years ago
Correct Slight Smile TY
einstein
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Yesterday
Good timing, thanks!
wyq2651
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2 hours ago
Helped a lot
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