In its first year of operation, Flip Co, which uses the perpetual method and records...
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In its first year of operation, Flip Co which uses the perpetual method and records purchases at net, buys two lots of sweaters, n: the first lot on March for $ paying the invoice on March ; the second lot on June for $ paying the invoice on July If no sweaters are sold from March through July, how will these purchases appear Flip Co's income statement for the year ended July Group of answer choices No effect, because there were no sales. As a loss of $ As a loss of $ As a loss of $
In its first year of operation, Flip Co which uses the perpetual method and records purchases at net, buys two lots of sweaters, n: the first lot on March for $ paying the invoice on March ; the second lot on June for $ paying the invoice on July If no sweaters are sold from March through July, how will these purchases appear Flip Co's income statement for the year ended July
Group of answer choices
No effect, because there were no sales.
As a loss of $
As a loss of $
As a loss of $
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