Owners of some small retail stores (called mom and pop stores) may not identify the cost of

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Owners of some small retail stores (called “mom and pop” stores)

may not identify the cost of merchandise they withdraw for personal use, personal telephone calls, and the like. If this is so, then they do not apply the _____ concept. Consequently, the financial statements of these stores are inaccurate.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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