Multiple Choice
A company sold available for resale inventory for cash.What is the effect of this sale?
A) increase in revenue, increase in COGS, decrease in inventory
B) increase in revenue, decrease in COGS, increase in inventory
C) increase in revenue, increase in COGS, increase in inventory
D) increase in revenue, decrease in COGS, decrease in inventory
Correct Answer:
Verified
Correct Answer:
Verified
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