In Which of the Financial Statements Do Merchandise Inventory and Cost

question 44

Multiple Choice

In which of the financial statements do Merchandise 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

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