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Question 4 of 10. Each of the following is true in regard to an S corporation's cost of goods sold EXCEPT: It is reported on

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Question 4 of 10. Each of the following is true in regard to an S corporation's cost of goods sold EXCEPT: It is reported on Form 1120 -S, page 1. It is calculated and reported on Form 1120-S, page 1. Form 1125-A is the same form used by other entities. It is calculated on Form 1125-A. Mark for follow up

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