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Items should be reported as part of the company's "inventory" at the year end, if...

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Question

Accounting

Items should be reported as part of the company's "inventory" at the year end, if they are:

a) determined to be part of cost of goods sold

b) sold during the period

c)held in antcipation of an increase in market value

d) purchased from a creditor, avaibale for sale and paid for the following year

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