Two Accounts That Would Appear on the Financial Statements of a Merchandising

question 35

Multiple Choice

Two accounts that would appear on the financial statements of a merchandising company that are not needed by a service company are:

• A)cost of goods sold and depreciation.
• B)cost of goods sold and net income.
• C)cost of goods sold and inventory.
• D)inventory and depreciation.

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Definitions:

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