Question: Identify the statements below which are correct regarding a merchandiser's income statement. ( Check all that apply ) . Multiple select question. Accounts receivable is

Identify the statements below which are correct regarding a merchandiser's income statement. (Check all that apply).
Multiple select question.
Accounts receivable is included on the statement.
Expenses are subtracted from gross profit to calculate net income.
Total assets is the last line on the statement.
Cost of goods sold is subtracted from net sales to determine gross profit.
Merchandise inventory is reported on the statement

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