33. Payment for acquisition of merchandise inventory are reported as investing activities. * 43. A common-size Statement of Comprehensive Income that shows cost of goods sold at 45% means that cost of...


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33. Payment for acquisition of merchandise<br>inventory are reported as investing<br>activities. *<br>43. A common-size Statement of<br>Comprehensive Income that shows cost of<br>goods sold at 45% means that cost of<br>goods sold is 45% of sales. *<br>14. Real accounts can also be found in the<br>SCI. *<br>

Extracted text: 33. Payment for acquisition of merchandise inventory are reported as investing activities. * 43. A common-size Statement of Comprehensive Income that shows cost of goods sold at 45% means that cost of goods sold is 45% of sales. * 14. Real accounts can also be found in the SCI. *

Jun 11, 2022
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