The following are examples of merchandise inventory in a department store EXCEPT: O Hanging fixtures Athletic shoes O Diamond rings O Designer accessories Question 3 Under the matching principle, the expense for the cost of inventory is recorded when: O Revenue is recognized. Accounts payable pays the vendor. O Inventory is counted. Goods are received. Question 4 1 pts Why is gross profit for a merchandising company pot 1 pts amploto picture of the health

The following are examples of merchandise inventory in a department store EXCEPT: Hanging fixtures Athletic shoes Diamond rings Designer accessories Question 3 1 pts Under the matching principle, the expense for the cost of inventory is recorded when: Revenue is recognized. Accounts payable pays the vendor. Inventory is counted. Goods are received