6. Purchase discounts normally have a credit balance. (1 Point) [ Yes No 7. Inventory includes all goods that the company owns and expects to use in normal operations. (1 Point) True False 8. The major revenue of a merchandiser is while the major expense(s) is (are) (1 Point) A) sales revenue; cost of goods sold O B) gross margin; operating expenses O. ) income from operations; cost of goods sold (D) sales revenue; operating expenses