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  3. Study Set
    Financial Accounting Study Set 11
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    Exam 6: Inventory Cost of Goods Sold
  5. Question
    The Cost of Inventory Shifts from Asset to Expense When
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The Cost of Inventory Shifts from Asset to Expense When

Question 5

Question 5

True/False

The cost of inventory shifts from asset to expense when the seller fulfills its contract with the customer,delivers the goods to the buyer and recognizes revenue.

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