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please provide an explaination so i can better understand the topic!!! thank you!!! 1. What type of accounts are inventory and cost of goods sold?
please provide an explaination so i can better understand the topic!!! thank you!!!
1. What type of accounts are inventory and cost of goods sold? How is the value of these two items determined on the financial statements?
2. why is inventory an "investment" for a business? In answering this question consider that investment is defined as "the dedication of money to purchase of an asset to attain an increase in value over a period of time."
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