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Which of the following statements regarding cost of goods sold is true? multiple choice Cost of Goods Sold is a current asset reported on the

Which of the following statements regarding cost of goods sold is true? multiple choice

Cost of Goods Sold is a current asset reported on the balance sheet.

Cost of Goods Sold is a current asset reported on the income statement.

Cost of Goods Sold is an expense account reported on the balance sheet.

Cost of Goods Sold is an expense account reported on the income statement.

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