The cost of goods sold is the sales price of inventory that has been sold.
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Q31: Expenses result in increases in assets or
Q32: Expenses result in a decrease in assets
Q33: Revenues result in decreases in assets or
Q34: 'Net sales' are sales less all selling
Q35: Cost of goods sold is the cost
Q37: A business using a perpetual inventory system
Q38: A periodic inventory system requires a physical
Q39: Gross profit is the gross sales price
Q40: To make business decisions external users evaluate
Q41: Risk is the uncertainty about the future
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