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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:55. Why is inventory, end is included in
the computation of net income? *
O A. To determine cost of goods sold.
B. To determine sales revenue
O C. To determine merchandise returns
D. Inventory is not included in the
computation of net income.
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