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Which of the following statements regarding inventory is true? A. Inventory is often one of...

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Accounting

Which of the following statements regarding inventory is true?

A. Inventory is often one of the smallest components of a company's assets.

B. Tight inventory control methods reduce waste, obsolescence, and spoilage.

C. Manual inventory systems are outdated and should be replaced with automated versions.

D. Keeping timely and accurate records is unnecessary when controlling inventory costs.

E. Investments in inventory save cash.

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