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Cost of Goods Sold is reported Question 2 options: 1) as an asset on the balance sheet. 2) as a direct reduction of equity on
Cost of Goods Sold is reported Question 2 options: 1) as an asset on the balance sheet. 2) as a direct reduction of equity on the statement of changes in stockholders' equity. 3) as an addition to Sales Revenue on the income statement. 4) as an expense on the income statement.
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