Which of the following is a true statement?

A) A transaction occurs ONLY when goods are received or issued.
B) The steps in a transaction system are: identify the goods, verify quantity, record the transaction, and physically execute the transaction.
C) Inventory is a tangible asset that is easy to lose track of unless properly controlled.
D) A and B are true.
E) B and C are true.


E

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Fill in the blank(s) with the appropriate word(s).

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