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Acctg Ch 5

Horizontales
Operating cycle
Credit period
Wholesaler
FOB Shipping
Cost of Goods Available for Sale
Sale on account or credit
Manufacturer
Purchase Returns & Allowance
List Price
Periodic Inventory System
Verticales
Perpetual Inventory System
Cost of Goods Sold
Merchandise Inventory
Retailer
FOB Destination
Merchandising firm
Discount period
Open Account
Net sales
Invoice price
Cash Discount