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    Financial Accounting Study Set 24
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    Exam 8: Reporting and Interpreting Property, Plant, and Equipment; Intangibles; and Natural Resources
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    The 20B Records of Tom Company Showed Beginning Inventory, $6,000;
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The 20B Records of Tom Company Showed Beginning Inventory, $6,000;

Question 130

Question 130

Multiple Choice

The 20B records of Tom Company showed beginning inventory, $6,000; cost of goods sold, $14,000; and ending inventory, $8,000. What was the purchases amount for 20B?


A) $12,000
B) $9,000
C) $10,000
D) $16,000

Correct Answer:

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