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Accounting for Merchandising Activities
?
When ____________________________, the cost of goods sold will be the same as the cost of purchases.
there is no beginning merchandise inventory (first year of business)
there is no ending merchandise inventory
purchases are equal to net sales
the beginning and ending merchandise inventory values are the same
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
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