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Which of the Following Is Not a Type of Operating

question 62

Multiple Choice

Which of the following is not a type of operating asset?


Definitions:

Ending Inventory

The total value of goods available for sale at the end of a specific accounting period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes associated with maintaining the business operations.

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