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If you have a business to run and you want it to be a successful business or if you have a career in which an understanding of the software is advantageous, you should consider a different learning modality. A free online education can only take you so far, but a traditional class allowing you to [...]
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The cost of inventory should include all costs necessary to acquire the items and to get them ready for sale. That part of the accounting system which contains the balance sheet and income statement accounts used for recording transactions. As a result these items are not reported among the assets appearing on the balance sheet. [...]
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