Cost of Goods Sold is reported as an asset on the balance sheet. as a direct reduction

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Cost of Goods Sold is reported

as an asset on the balance sheet.

as a direct reduction of equity on the statement of changes in stockholders\' equity.

as an addition to Sales Revenue on the income statement.

as an expense on the income statement.

Related Book For answer-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Posted Date: Oct 20, 2020 12:46 AM

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Cost of Goods Sold is reported as an asset on the balance sheet. as a direct reduction

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Fundamental Accounting Principles

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