Service_vs_Merchandisers - Performed When Goods Transfer to...

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Service vs Merchandisers Earn $ by: Recognize Revenue: Net Income: Operating Cycle: Cash Cash Perform Service Buy Inventory A/R Store Inventory Cash Sell Inventory A/R Cash Performing Service When Service is
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Unformatted text preview: Performed When Goods Transfer to Buyer Revenue - Operating Expenses = Net Income Revenue - Cost of Goods Sold = Gross Profit - Operating Expenses = Net Income...
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