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When comparing the adjusting process under the perpetual and periodic inventory systems, a. no...

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Accounting

When comparing the adjusting process under the perpetual and periodic inventory systems,
a. no entry is made for estimated returns inventory under the periodic inventory system.
b. the cost of goods sold account is reduced by the cost of estimated returns inventory for the current year under the perpetual inventory system.
c. the inventory shrinkage adjustment is the same under both systems.
d. the ending inventory is determined by a physical count under both systems.
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