When Inventory Is Sold,the Cost of the Inventory Is Removed

question 61

Multiple Choice

When inventory is sold,the cost of the inventory is removed from inventory and reported on a multistep the income statement as:

• A)inventory expense.
• B)cost of goods sold.
• C)selling,general,and administrative expenses.
• D)operating expenses.

---

Definitions:

Skills Claims

Statements made by individuals, particularly in job applications or interviews, asserting their abilities, competencies, and qualifications.

Networking

Involves communication with others for the purpose of exchanging information and forming networks for professional or social reasons.

Powerful People

Individuals who hold significant influence or authority in a society or organization.

Asking For A Job

The process of formally or informally inquiring about job openings and expressing interest in working for a company.