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  3. Study Set
    Financial Accounting Study Set 3
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    Exam 7: Reporting and Interpreting Cost of Goods Sold and Inventory
  5. Question
    A Decrease in the Merchandise Inventory Account Occurs When Inventory
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A Decrease in the Merchandise Inventory Account Occurs When Inventory

Question 116

Question 116

True/False

A decrease in the merchandise inventory account occurs when inventory purchases are greater than cost of goods sold.

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