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.
Now, ET is looking back at their incredible love story. NEWS: Celine Dion's Husband Rene Angelil Dies at 73. Celine's bond with Rene goes beyond husband and wife. Rene, 26 years her senior, believed in her talent from the beginning and became her manager before she was 13. I went to his office and I sang in front of him and I was 12 years old, and we've been working together since that time, Celine recalled in 1995.