Cost of goods sold is
Cost of Goods Sold is reported
as an expense on the income statement.
as an asset on the balance sheet.
as an addition to Sales Revenue on the income statement.
as a direct reduction of equity on the statement of changes in stockholders' equity.
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a merchandising firms accounting system must allocate the cost of goods available for sale between cost of goods sold
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cost of goods sold is reportedas an expense on the income statementas an asset on the balance sheetas an addition to
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accumulated depreciation beginning inventory common stock retained earnings ending inventory operating expenses
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