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    Business
  3. Study Set
    Financial Accounting Study Set 6
  4. Exam
    Exam 6: Inventory and Cost of Goods Sold
  5. Question
    The Merchandise Inventory Is Reported as an Asset Until It
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The Merchandise Inventory Is Reported as an Asset Until It

Question 17

Question 17

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The merchandise inventory is reported as an asset until it is sold.

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