Sep 27, 2018

[Answer] which of the following statements about a periodic inventory system is true?

Step 1 : Introduction to the question "which of the following statements about a periodic inventory system is true?"



...Companies determine cost of goods sold only at the end of the accounting period. Under the periodic inventory system, cost of goods sold is determined only at the end of the accounting period.




Step 2 : Answer to the question "which of the following statements about a periodic inventory system is true?"



Companies determine cost of goods sold only at the end of the accounting period.:


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