Question

on which Financial Statement would you most likely find the amount that a retail organization spent for a year to acquire the merchandise they sale? Question 21 options: 1) Invoice 2) Balance Sheet 3) Income Statement 4) Packing slip

Answer 1

I would say that the answer would be the balance sheet because the question is to do with the cost of the merchandise and a balance sheet I believe is a record of both income and expenses for a certain period of time which could be a year such as in this case.