Identify whether each description best applies to a periodic or a perpetual inventory system.
a. Provides more timely information to managers. - PERPETUAL
b. Requires an adjusting entry to record inventory shrinkage. PERIODIC-
c. Markedly increased in frequency and popularity in business within the past decade. - PERPETUAL
d. Records cost of goods sold each time a sales transaction occurs. – PERPETUAL
Identify whether each description best app