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Inventory(End) = Inventory(Beginning) + X - Cost of Goods Sold What account is X in the above equation? Purchases Net Income Preferred Stock Retained Earnings
Inventory(End) = Inventory(Beginning) + X - Cost of Goods Sold
What account is X in the above equation?
|
| Purchases |
|
| Net Income |
|
| Preferred Stock |
|
| Retained Earnings |
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Auditing Text And Cases
Authors: W. Robert Knechel, Knechel
1st Edition
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