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Items Should Be Reported as Part of the Company's "Inventory

Question 41

Multiple Choice

Items should be reported as part of the company's "inventory" at year end, if they are


A) Purchased from a creditor, available for sale, and paid for the following year.
B) Held in anticipation of an increase in market value.
C) Determined to be part of cost of goods sold.
D) Sold during the period.

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