Question: Using the perpetual inventory system, Merchandise Inventory would appear: Question content area bottom Part 1 A. on the income statement as an operating expense. B.

Using the perpetual inventory system, Merchandise Inventory would appear: Question content area bottom Part 1 A. on the income statement as an operating expense. B. on the income statement as an other expense. C. on the balance sheet as an asset. D. on the balance sheet as a liability

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