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As inventory is sold it is reflected on the balance sheet as: A. As a revenue on the income statement B. As an expense on
As inventory is sold it is reflected on the balance sheet as:
A. | As a revenue on the income statement | |
B. | As an expense on the income statement | |
C. | As a use of cash on the statement of cash flows | |
D. | A reduction of non-cash assets | |
E. | Both b and c because the financial statements articulate |
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