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During oxidation-reduction reactions, the substance that loses electrons is _____and the substance that gains electrons is _____.
Merchandise Inventory
Products a business maintains with the intent to sell to consumers as part of its regular operations.
Freight-In
Costs associated with bringing inventory to a business location, typically included in the inventory cost on the balance sheet.
F.O.B. Shipping Point
A shipping term indicating that a buyer is responsible for the goods, including the risk of loss and transportation cost, from the time they leave the seller's premises.
Invoice Approval Form
A document used to approve invoices for payment, ensuring the goods or services billed have been received and are satisfactory.
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