Question: 6.39:When inventory is purchased, it is initially recorded as ________, and it becomes ________ when it is sold. A : an expense; a revenue. B

6.39:When inventory is purchased, it is initially recorded as ________, and it becomes ________ when it is sold.

  • A :
  • an expense; a revenue.
  • B :
  • an asset; an expense.
  • C :
  • an asset; a revenue.
  • D :
  • an expense; an asset.

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