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Cost of goods sold 1) only appears on merchandising companies' income statements. 2) only appears on manufacturing companies' income statements. 3) appears on both manufacturing

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Cost of goods sold 1) only appears on merchandising companies' income statements. 2) only appears on manufacturing companies' income statements. 3) appears on both manufacturing and merchandising companies' income statement. 4) is calculated exactly the same for merchandising and manufacturing companies

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