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How Two Penniless Korean Immigrants Launched an Apparel Empire Now Worth Billions. Read more: http://nextshark.com/forever-21-how-two-penniless-korean-immigrants-launched-an-apparel-empire-now-worth-billions/#rmns #forever21

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In this area, we will discuss the accounting for inventory transactions of merchandising companies, the two formats of preparing the income statement, and how to evaluate the profitability of a merchandising company.How is the income statement of a merchandising company different from that of a service company?