Beginning inventory plus net purchases equals merchandise available for sale.

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jasmine dejvongsa · Accepted Answer

Final Answer : True, Explanation :  This statement is a well-known formula in retail accounting. Beginning inventory refers to the amount of inventory at the start of a period, while net purchases refer to the total amount of inventory purchased during that period after accounting for returns, allowances, and discounts. When you add beginning inventory to net purchases, you get the total amount of inventory available for sale during that period.

Beginning inventory plus net purchases equals merchandise available for sale.

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