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John is doing is doing a training method to learn a new job where there are sequence of steps he is supposed to learn step-by-step. This method is called:
Merchandise Inventory
Goods and products that a retailer, wholesaler, or distributor holds in stock with the intent to sell them for profit.
Cost of Goods Sold
The total direct costs attributable to the production of goods sold by a company during a specific period.
Sales Returns & Allowances
Transactions where sellers accept returned goods from buyers, or provide a price reduction or discount, reducing the initial sales revenue.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income or loss.
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