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In general, there is
Merchandise Inventory
Goods that a business holds for the purpose of resale to customers.
Multiple-Step Income Statement
A financial document that breaks down revenue, cost of goods sold, operating expenses, and net income into multiple steps or sections to show a detailed view of a company's financial performance over a specific period.
Administrative Expenses
These are costs related to the general operation of a business that are not directly tied to producing goods or services.
Selling Expenses
Costs associated with the marketing and selling of products or services, including advertising and sales commissions.
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