question archive If a cost is properly includable in merchandise inventory: a
If a cost is properly includable in merchandise inventory: a
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If a cost is properly includable in merchandise inventory:
a. It remains on the Balance Sheet until the goods are sold.
b. It is reflected as an Operating Expense on the Income Statement when the goods are sold.
c. It will have no effect on Gross Profit when the goods are sold.
d. all of the above.
Option 1
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Option 2
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