Multiple Choice
Clark's Chemical Company received refundable deposits on returnable containers in the amount of $100,000 during 2018. Twelve percent of the containers were not returned. The deposits are based on the container cost marked up 20%. What is cost of goods sold relative to this forfeiture?
A) $0.
B) $2,000.
C) $10,000.
D) $14,400.
Correct Answer:
Verified
Correct Answer:
Verified
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