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The accountant for the Lintz Sales Company is preparing the multiple-step income statement for 2020. The January 1, 2020 merchandise inventory balance will appear as

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The accountant for the Lintz Sales Company is preparing the multiple-step income statement for 2020. The January 1, 2020 merchandise inventory balance will appear as a deduction of the Sales or Revenue section of the income statement. O in the Cost of Goods sold section of the income statement. as an addition of the Sales or Revenue section of the income statement. O in the Selling Expenses section of the income statement

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