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On the balance sheet of a retailer, the Merchandise Inventory account ________. a. is listed after prepaid assets b. is not included because it is

On the balance sheet of a retailer, the Merchandise Inventory account ________.

a. is listed after prepaid assets

b. is not included because it is an income statement account

c. represents the value of inventory that has been sold during the period

d. is included in the current assets section

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