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  3. Study Set
    Accounting Principles Study Set 3
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    Exam 6: Inventories
  5. Question
    The Matching Principle Requires That the Cost of Goods Sold
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The Matching Principle Requires That the Cost of Goods Sold

Question 2

Question 2

True/False

The matching principle requires that the cost of goods sold be matched against the ending merchandise inventory in order to determine income.

Correct Answer:

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