Why is it important that the proper amount be assigned to inventory? a. Because the amount assigned
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Why is it important that the proper amount be assigned to inventory?
a. Because the amount assigned to inventory will affect the amount eventually recorded as cost of goods sold.
b. Because the amount assigned to inventory will affect the amount eventually recorded as selling and administrative expenses.
c. Because the amount assigned to inventory will affect the amount eventually recorded as net sales.
d. none of the above
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Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9780324655230
6th Edition
Authors: Gary A. Porter, Curtis L. Norton
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