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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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