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After Steve Was Asked How His Summer Break Was,he Offers

question 99

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After Steve was asked how his summer break was,he offers the following reply: "My summer was great.Yes,great as the Great Wall of China.China is one place I have never been.I sure do like to travel.My brother used to work for a travel agent a long time ago.It sure has been a long time since I've seen my sister." His reply is an example of


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Cost of Goods Sold

An accounting term for the direct costs attributable to the production of the goods sold by a company.

Service Business

A type of business that primarily offers intangible goods or services to consumers, such as consulting, legal advice, and maintenance services.

Merchandising Business

A type of business that makes profit by buying goods at a wholesale price and selling them at a retail price, primarily dealing in goods rather than services.

Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position, typically including the balance sheet, income statement, and statement of cash flows.

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