Complete the following statement. Merchandise inventory that is still available for sale is considered a (n) (asset/expense/revenue) and is reported on the (balance sheet/income statement) and merchandise that is sold during the period is considered a (n) (asset/expense/liability) and reported on the (balance sheet/income statement).
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Home » Business » Complete the following statement. Merchandise inventory that is still available for sale is considered a (n) (asset/expense/revenue) and is reported on the (balance sheet/income statement) and merchandise that is sold during the period is considered