Solved

Aaron Sold His Large Lounge Chair for $1000

Question 12

Multiple Choice

Aaron sold his large lounge chair for $1000. He incurred costs of $100 for advertising, $120 for hiring a van to transport the chair to the buyer, and $200 for a speeding fine. What is the net realisable value?


A) $1100
B) $1120
C) $1220
D) $1420

Correct Answer:

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