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Match each situation to its impact (a-c) on the current year's net income.
-Purchased merchandise was shipped FOB shipping point on the last day of the year. The cost of the merchandise was not included in ending inventory.
Q1: A withdrawal of cash made by the
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Q32: When accounts do not appear on the
Q52: If the perpetual inventory system is used,an
Q65: Unsold consigned merchandise should be included in
Q100: Receivables that are expected to be collected
Q118: Buyers and sellers do not normally record
Q161: An aging of a company's accounts receivable
Q197: E-commerce provides additional business opportunities but at