Multiple Choice
The cost of inventory that is still on hand and has NOT been sold to customers is called:
A) cost of goods sold, and it appears on the balance sheet.
B) inventory, a current asset that appears on the income statement.
C) inventory, a current asset that appears on the balance sheet.
D) cost of goods sold, and it appears on the income statement.
Correct Answer:
Verified
Correct Answer:
Verified
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