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Accounting for a Merchandising Concern How is the accounting cycle different for a merchandising operation, as compared to a service business? How do the asset,

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Accounting for a Merchandising Concern How is the accounting cycle different for a merchandising operation, as compared to a service business? How do the asset, revenue and expense accounts differ? How does the multi-step income statement differ from a single step? which format is better? Be sure to support

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