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Question 52

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Use the following information for questions.
Hudson, Inc.is a calendar-year corporation.Its financial statements for the years 2011 and 2010 contained errors as follows: Use the following information for questions. Hudson, Inc.is a calendar-year corporation.Its financial statements for the years 2011 and 2010 contained errors as follows: -The following information is available for Naab Company for 2010: The cost of goods sold is equal to 400% of selling expenses.What is the cost of goods available for sale? A) $600,000. B) $890,000. C) $815,000. D) $860,000.
-The following information is available for Naab Company for 2010: Use the following information for questions. Hudson, Inc.is a calendar-year corporation.Its financial statements for the years 2011 and 2010 contained errors as follows: -The following information is available for Naab Company for 2010: The cost of goods sold is equal to 400% of selling expenses.What is the cost of goods available for sale? A) $600,000. B) $890,000. C) $815,000. D) $860,000. The cost of goods sold is equal to 400% of selling expenses.What is the cost of goods available for sale?


A) $600,000.
B) $890,000.
C) $815,000.
D) $860,000.

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