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#9
04-04-2011, 06:45 AM
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Reseller, hobbyist, something like that. But he's not in the business of running electronic auctions.
For #6, to the specific question of whether items purchased in 2010 should go to COGS, even if put to inventory, the answer is No. I imagine that backing out the COGS of inventory items will put the small loss into a gain. 
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