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A farm pond, usually dry during winter, has plenty of water and aquatic pond life during the summer. One summer, Sarah returns to the family farm from college. Observing the pond, she is fascinated by some six-legged organisms that can crawl about on submerged surfaces or, when disturbed, seemingly "jet" through the water. Watching further, she is able to conclude that the "mystery organisms" are ambush predators, and their prey includes everything from insects to small fish and tadpoles.
-If the pond organisms are larvae, rather than adults, Sarah should expect them to have all of the following structures, except
Goods Available for Sale
All the products that a company has in its inventory at the beginning of a period plus any purchases made during that period.
Beginning Inventory
The value of goods available for sale at the start of an accounting period, essential for calculating cost of goods sold.
Gross Profit
The financial gain made after subtracting the cost of goods sold from the total sales revenue.
Net Sales
Net sales is the revenue from sales of goods or services after subtracting returns, allowances for damaged or missing goods, and discounts.
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