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15- 14- BENZEMAKILLER, LLC applies periodic inventory system. It reports these data for its...

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Accounting

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14- BENZEMAKILLER, LLC applies periodic inventory system. It reports these data for its inventory: beginning inventory SR50,000, ending inventory SR20,000. The journal entries to adjust the inventory would be: A company trades on trucks. It purchased a truck for SR400,000. Will it be reported on the balance sheet as a non-current asset or as an inventory? Explain why

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