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Describe the key attributes of inventory for a merchandising company.
Cash Flows
A financial statement segment that shows how changes in balance sheet accounts and income affect cash and cash equivalents, categorizing flows into operating, investing, and financing activities.
Inventory Purchases
The total cost of goods bought for resale during a specific financial period.
Cost of Goods Sold
Expenses specifically associated with the production of a company's sold products, such as materials and labor.
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