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Toy Company Manufactures Toy Koalas

Question 15

Multiple Choice

Toy Company manufactures toy koalas. Transactions for the year 2016 were as follows:
Toy Company manufactures toy koalas. Transactions for the year 2016 were as follows: What was the reported profit for the year 2016 if revenue was recognised at the point of sale? A) $140 000 B) $240 000 C) $320 000 D) $350 000
What was the reported profit for the year 2016 if revenue was recognised at the point of sale?


A) $140 000
B) $240 000
C) $320 000
D) $350 000

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