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The Cost of Goods Sold Section Under a Periodic Inventory

Question 1

Multiple Choice

The cost of goods sold section under a periodic inventory system generally reports


A) beginning and ending inventory, total assets, and cash flows.
B) total assets, beginning inventory, and ending inventory.
C) beginning inventory, cash flow from operations, and total assets.
D) beginning and ending inventory, cost of goods purchased, and cost of goods available for sale.

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