Question
The Major Issue in inventory accounting is:
A. determining whether to take inventory using cycle counts as opposed to counting all inventory only at the end of the year.
B. deciding whether to maintain records on a periodic or perpetual basis.
C. determining what goods to include in inventory.
D. choosing the method for allocating goods available for sale to ending inventory and cost of goods sold.
The answer is A?
A. determining whether to take inventory using cycle counts as opposed to counting all inventory only at the end of the year.
B. deciding whether to maintain records on a periodic or perpetual basis.
C. determining what goods to include in inventory.
D. choosing the method for allocating goods available for sale to ending inventory and cost of goods sold.
The answer is A?
Answers
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