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    Fundamental Accounting Principles Study Set 6
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    Beginning Inventory Plus Net Purchases Is
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Beginning Inventory Plus Net Purchases Is

Question 48

Question 48

Multiple Choice

Beginning inventory plus net purchases is:


A) Cost of goods sold.
B) Merchandise (goods) available for sale.
C) Ending inventory.
D) Sales.
E) Shown on the balance sheet.

Correct Answer:

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