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    Accounting Principles Study Set 3
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    Exam 5: Accounting for Merchandising Operations
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    On a Classified Balance Sheet, Merchandise Inventory Is Classified as
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On a Classified Balance Sheet, Merchandise Inventory Is Classified as

Question 72

Question 72

Multiple Choice

On a classified balance sheet, merchandise inventory is classified as


A) an intangible asset.
B) property, plant, and equipment.
C) a current asset.
D) a long-term investment.

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