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    Intermediate Accounting
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    Exam 4: The Income Statement
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    The Following Information Is Available for Avalon Company for 2011
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The Following Information Is Available for Avalon Company for 2011

Question 3

Question 3

Multiple Choice

The following information is available for Avalon Company for 2011:
The following information is available for Avalon Company for 2011:   What amount should Avalon report as cost of goods sold for 2011? A)  $510,000 B)  $550,000 C)  $610,000 D)  $650,000
What amount should Avalon report as cost of goods sold for 2011?


A) $510,000
B) $550,000
C) $610,000
D) $650,000

Correct Answer:

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