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Complete the following statement. Merchandise inventory that is still available for sale is considered a(n)...

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Accounting

Complete the following statement. Merchandise inventory that is still available for sale is considered a(n)
(balance sheet/income statement) and merchandise that is sold during the period is considered a(n)
(asset/exper
(balance sheet/income statement).
asset balance sheet expense income statement
asset income statement expense balance sheet
expense balance sheet asset income statement
expense income statement asset balance sheet
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