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Natural Resources Are First Recorded as ________,Then Recorded as ________

Question 161

Multiple Choice

Natural resources are first recorded as ________,then recorded as ________ when extracted,and lastly recorded as ________ when sold.


A) fixed assets;inventory;cost of goods sold
B) goods available to sell;inventory;a loss
C) inventory;revenue;cost of goods sold
D) fixed assets;revenue;cost of goods sold

Correct Answer:

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