Where Do Inventory and Cost of Goods Sold Appear

question 161

Multiple Choice

Where do Inventory and Cost of goods sold appear?

• A) On the balance sheet and statement of owner's equity, respectively
• B) On the statement of owner's equity and income statement, respectively
• C) On the balance sheet and income statement, respectively
• D) On the income statement and statement of cash flows, respectively

---

Definitions:

Connective

A logical structure that creates a compound proposition from component propositions.

Proposition

A statement or assertion that expresses a judgement or opinion that can be either true or false.

Connective

In logic and philosophy, a term or operator that connects two propositions or parts of a proposition, such as "and", "or", and "not".

Proposition

A statement that can either be true or false, used in logic to construct arguments or prove theories.