Which 2 Accounts are Unique to a Retailer or Merchandise Business? Revenues Inventory Cash Accounts Payable Cost of Good Sold Accounts Receivable Assuming a period of Increasing Costs, Net Income will usually be computed the Largest under which Inventory Method ? OLIFO Weighted Average Perpetual FIFO Select the Correct Accounting Term for each Income Statement Item. Sales Revenues - Sales Returns and Discounts - ?? [Choose ] Net Sales - Cost of Goods Sold = ?? [ Choose Gross Profit - Operating Expenses - ?? [Choose Operating Income - Other Income and Expenses = ?? [ Choose Income Before Taxes- Income Tax Expense = ?? [ Choose