Multiple Choice
Holliday Company's inventory records show the following data: 
A physical inventory on December 31 shows 2,000 units on hand. Holliday sells the units for ₤3 each. The company has an effective tax rate of 20%. Holliday uses the periodic inventory method. What is the cost of goods available for sale?
A) ₤5,250
B) ₤9,000
C) ₤11,250
D) ₤25,500
Correct Answer:
Verified
Correct Answer:
Verified
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