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H3Ko H3Ko
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7 years ago
Which of the following is true of Finished Goods Inventory?
A) Finished Goods Inventory is an account used by a merchandiser and includes completed goods that have not yet been sold.
B) Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold.
C) Finished Goods Inventory is an account used by service companies in lieu of raw materials inventory.
D) Finished Goods Inventory is an account used by a manufacturer in lieu of raw materials inventory.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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