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On the Income Statement, a Merchandiser Would Normally Give a Single

Question 164

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On the income statement, a merchandiser would normally give a single sales figure (the sum of all its individual sales account) because


A) companies do not want competitors to know the details of operating results.
B) merchandisers only have one product available for sale.
C) perpetual inventory systems cannot separate various sales items.
D) it is too time consuming to separate all individual sales terms.

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