Why do most companies disclose the cost of goods sold as a separate item on the income

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Why do most companies disclose the cost of goods sold as a separate item on the income statement? How might this item differ for merchandising firms versus manufacturing firms? Why might some firms not want to disclose this item?. LOP95

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Financial Accounting Reporting And Analysis

ISBN: 9780324149999

6th Edition

Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice

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