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    Financial Accounting Tools Study Set 4
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    Inventory Becomes Part of Cost of Goods Sold When a Company
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Inventory Becomes Part of Cost of Goods Sold When a Company

Question 147

Question 147

Multiple Choice

Inventory becomes part of cost of goods sold when a company


A) pays for the inventory.
B) purchases the inventory.
C) sells the inventory.
D) receives payment from the customer.

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