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Which of the following is not true of vertical analysis?
F.O.B. Destination
A shipping term indicating that the seller retains risk and ownership of goods until they are delivered to the buyer's location.
Accounts Payable
A bookkeeping record indicating a business's need to settle a short-term financial debt owed to its lenders or vendors.
Merchandise Inventory
Goods that a retail or wholesale company intends to sell to customers for a profit.
Sales Invoice
A document issued by a seller to a buyer, listing items or services supplied and specifying the amount due for payment.
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