Which of the following can use access points?

The Merchandise Inventory account of a company shows a balance of $70,000 but a physical count of inventory shows $67,000 Which of the following entries is required to record the shrinkage? (Assume a perpetual inventory system.)

A) Cost of Goods Sold 3,000 Shrinkage Expense 3,000 B) Merchandise Inventory 3,000 Cost of Goods Sold 3,000 C) Cost of Goods Sold 3,000 Merchandise Inventory 3,000 D) Cash 3,000 Merchandise Inventory 3,000

While database marketing can be used for selling products, the primary benefit of database marketing can be the enhancement of customer loyalty

Indicate whether the statement is true or false