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Which of the following is a difference between primary and secondary circular reactions?
Net Sales
The revenue generated from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and discounts.
Beginning Inventory
The value of stock on hand at the start of an accounting period, before any purchases or sales are made.
Cost of Goods Sold
The total cost of manufacturing or acquiring the products sold by a company during a specific period.
Beginning Inventory
The value of goods available for sale at the start of an accounting period, prior to any purchases or sales being recorded.
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