Cost of Goods Sold is:   Multiple Choice   A revenue account.   An asset account.   A permanent equity account.   An expense account.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 4DQ: What are the components of cost of goods available for sale and cost of goods sold?
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Cost of Goods Sold is:

 

Multiple Choice
  •  

    A revenue account.

  •  

    An asset account.

  •  

    A permanent equity account.

  •  

    An expense account.

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