Solved

Merchandise Inventory Costing $10 000 Was Sold to Customers on Credit

Question 64

Multiple Choice

Merchandise inventory costing $10 000 was sold to customers on credit for $15 000. What amount of revenue and cash flow resulted from the sale of the inventory? RevenueCash Flow


A) $5000 $15 000
B) $10 000 $10 000
C) $15 000 $0
D) $5000$0

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions