Ch. 16 Acct. Word Scramble
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| Question | Answer |
| cost of merchandise sold | the total original price of all merchandise sold during a fiscal period |
| gross profit on sales | the revenue remaining after cost of merchandise sold has been deducted |
| distribution of net income statement | a partnership financial statement showing net income or loss distribution to partners |
| owner's equity statement | a financial statement that summarizes the changes in owners' equity during a fiscal period |
| supporting schedule | a report prepared to give details about an item on a principal financial statement |
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otakugirl29
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