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Practice Question 3 Which of the following statements is not consistent with a...

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Practice Question 3 Which of the following statements is not consistent with a perpetual inventory system? Because this system continuously tracks inventory changes, a physical inventory count is never required. The cost of items sold is recognized at the time of each sale. Use of a perpetual inventory system in a retail operation is facilitated through the use of optical scanners. Unlike in a periodic inventory system, a perpetual system utilizes an Inventory Over and Short account

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