How is the balance sheet of a merchandising firm different, Financial Accounting

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How is the balance sheet of a merchandising firm different

How is the balance sheet of a merchandising firm different from the balance sheet of a service business?

It reports various period costs.

It includes the asset, Merchandise Inventory.

It reports the cost of goods sold.

It includes the asset, Accounts Receivable.

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Financial Accounting: How is the balance sheet of a merchandising firm different

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