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    Financial Accounting
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    Exam 1: The Purpose and Use of Financial Statements
  5. Question
    Cost of Goods Sold Is A(n)
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Cost of Goods Sold Is A(n)

Question 48

Question 48

Multiple Choice

Cost of goods sold is a(n)


A) liability.
B) financing activity.
C) asset.
D) expense.

Correct Answer:

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