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  3. Study Set
    Financial Accounting Study Set 1
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    Exam 6: Merchandising Operations and the Multistep Income Statement
  5. Question
    Which Line Item Would Be Found on a Merchandiser's Balance
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Which Line Item Would Be Found on a Merchandiser's Balance

Question 122

Question 122

Multiple Choice

Which line item would be found on a merchandiser's balance sheet and not on a service firm's?


A) Supplies
B) Cost of Goods Sold
C) Inventory
D) Sales Revenue

Correct Answer:

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