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Question 1 (1 point) The primary source of revenue for a wholesaler is generated by 1) investments. 2) providing services. 3) the sale of merchandise. 4) the sale of property, plant, and equipment the company owns. Question 2 (1 point) Inventory becomes part of the cost of goods sold when a company 1) pays for the inventory. 2) purchases the inventory. 3) sells the inventory. 4) receives payment from the customer. Question 3 (1 point) The form of the income statement that derives its name from the fact that the total of all expenses is deducted from the total of all revenues is called a 1) multiple-step income statement 2) revenue income statement 3) report-form income statement 4) single-step income statement