Which of the following might explain why a company has switched from a periodic system...
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Accounting
Which of the following might explain why a company has switched from a periodic system to a perpetual system to record inventory transactions? Question options: The selling price of inventory has decreased during the year. The cost of inventory has increased during the year. Management is attempting to overstate performance and total assets in the yearend financial statements. The company has made several technological upgrades to its system for tracking inventory items.
Which of the following might explain why a company has switched from a periodic system to a perpetual system to record inventory transactions?
Question options:
The selling price of inventory has decreased during the year.
The cost of inventory has increased during the year.
Management is attempting to overstate performance and total assets in the yearend financial statements.
The company has made several technological upgrades to its system for tracking inventory items.
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You can see the logs in the Dashboard.