With inventory, the item is coded to an asset, a cost of goods sold, and an income type account. As the items are purchased (on the items tab of a bill, check, credit card charge, etc) the inventory balance is increased for the quantity and cost of the item on the balance sheet.
WATCH: Celine Dion's Husband Rene Angelil Dies at 73. It looks a lot like RenÃ©, he had cancer of the throat, tongue and brain, Claudette said of her brother's condition. Our family is very experienced.. He is 59 years old, very young to be the end of life, she added.
It has been a tough few weeks for Celine Dion, but she knows that the show must go on. On Wednesday night, Feb. 3, Celine will perform at her Las Vegas residency for the very first time since her husband, Rene, lost his battle with cancer on Jan. 14. This will also be the first performance since her brother, Daniel Dion, also died from cancer just a couple of days after Rene.