55. Why is inventory, end is included in the computation of net income? * O A. To determine cost of goods sold. O B. To determine sales revenue O C. To determine merchandise returns D. Inventory is not included in the computation of net income.
55. Why is inventory, end is included in the computation of net income? * O A. To determine cost of goods sold. O B. To determine sales revenue O C. To determine merchandise returns D. Inventory is not included in the computation of net income.
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 8MC: Which of the following is not included when computing Net Purchases? A. purchase discounts B....
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