On the Income Statement of a Manufacturing Company,what Replaces Purchases

question 21

Multiple Choice

On the income statement of a manufacturing company,what replaces purchases in the cost of goods sold section of a retail company?

• A) finished goods
• B) cost of merchandise available
• C) cost of goods manufactured
• D) work in process

---

Definitions:

Assert Propositions

The act of confidently stating or affirming a propositional statement as true or valid in a discourse or argument.

Sentence

A set of words that is complete in itself, expressing a statement, question, exclamation, or command, and consisting of a main clause and sometimes one or more subordinate clauses.

Proposition Not-p

A logical representation denoting the negation of a proposition p, effectively stating that p is not true.

Whales

Large aquatic mammals belonging to the order Cetacea, which includes various species such as the blue whale and the humpback whale.