Accountıng I Deneme Sınavı Sorusu #1230845
When this merchandise inventory is sold, the revenue is reported as sales revenue, and its cost is recognized as an expense. Which of the following term defines this expense?
|
Cost of merchandise sold |
|
Merchandise Inventory Asset |
|
Ending Inventory |
|
Inventory Available for Sale |
|
Beginning Inventory |
Yanıt Açıklaması:
When this merchandise inventory is sold, the revenue is reported as sales revenue, and its cost is recognized as an expense called the cost of merchandise sold.
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