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Question
A company sells goods for $150,000 that cost $54,000 to manufacture. Which of the following statements is true?
a. The company will recognize sales on the balance sheet of $150,000.
b. The company will recognize $96,000 gross profit on the balance sheet.
c. The company will decrease finished goods by $54,000.
d. The company will increase finished goods by $54,000.
Answer
This answer is hidden. It contains 1 characters.
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