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As inventory and property, plant, and equipment on the balance sheet are consumed, they are...

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Question

Accounting

As inventory and property, plant, and equipment on the balance sheet are consumed, they are reflected:

a.

As a revenue on the income statement
b.

As an expense on the income statement
c.

As a use of cash on the statement of cash flows
d.

On the balance sheet because assets are never consumed

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