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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
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    Cost of Goods Available for Sale, in a Periodic Inventory
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Cost of Goods Available for Sale, in a Periodic Inventory

Question 133

Question 133

True/False

Cost of goods available for sale, in a periodic inventory system, is deducted from beginning inventory to determine cost of goods purchased.

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