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Is Cost of goods sold a current asset 2024?

Isabella Perez | 2023-05-07 10:01:18 | page views：1648
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Ethan Patel

Works at the International Labour Organization, Lives in Geneva, Switzerland.
The cost of the merchandise purchased but not yet sold is reported in the account Inventory or Merchandise Inventory. Inventory is reported as a current asset on the company's balance sheet. Inventory is a significant asset that needs to be monitored closely.
2023-05-14 10:01:18
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Isabella Kim

QuesHub.com delivers expert answers and knowledge to you.
The cost of the merchandise purchased but not yet sold is reported in the account Inventory or Merchandise Inventory. Inventory is reported as a current asset on the company's balance sheet. Inventory is a significant asset that needs to be monitored closely.
Inventory and Cost of Goods Sold | Explanation | AccountingCoach
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