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Sold goods should remain as inventory on the seller's balance sheet until the date that...

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Accounting

Sold goods should remain as inventory on the seller's balance sheet until the date that the goods are delivered to the buyer.T or F

Under U.S. GAAP, the payment of interest by a borrower would be classified as an operating activity on the borrower's cash flow statement while the cash paid for principal would be reported as a financing activity. T or F

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