When preparing the worksheet for a merchandising business using the perpetual inventory system, which of the following statements is incorrect?
A) The merchandiser's worksheet carries the account Cost of Goods Sold.
B) The main new account is the Merchandise Inventory account.
C) The worksheet procedures are not similar to the worksheet procedures for a service company.
D) The Merchandise Inventory account must be adjusted based on a physical count due to inventory shrinkage.
C
Business
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A non-resident broker must have an office open to the public in Colorado.
a. true b. false
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The popularity of quota samples is attributable to the fact that they combine nonprobability sampling advantages with quota controls that ensure the final sample will approximate the population with respect to its key characteristics
Indicate whether the statement is true or false
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