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    College Accounting Study Set 2
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
  5. Question
    Merchandise Purchased for Resale Under the Perpetual Inventory Method Is
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Merchandise Purchased for Resale Under the Perpetual Inventory Method Is

Question 90

Question 90

Multiple Choice

Merchandise purchased for resale under the perpetual inventory method is added to:


A) Merchandise Inventory.
B) Sales.
C) Purchases.
D) Supplies Expense.

Correct Answer:

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