2. merchandise is: a) the same as inventory. b) an asset. c)
2. Merchandise is: A) the same as inventory. B) an asset. C) the same as gross sales. D) both the same as inventory and an asset are correct. 3. Gross sales equals: A) net sales minus sales discount. B) sales discount less net income. C) the total of cash sales and credit sales. D) net income plus gross profit. 4. A […]