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During the Year, Slick's Pet Shop's Inventory Decreased by $25,000

Question 117

Multiple Choice

During the year, Slick's Pet Shop's inventory decreased by $25,000.If the company's cost of goods sold for the year was $500,000, purchases must have been


A) $475,000.
B) $500,000.
C) $525,000.
D) Unable to determine.

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