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Bonaventura Boots Had the Following Variances at Year-End

Question 1

Multiple Choice

Bonaventura Boots had the following variances at year-end:
Bonaventura Boots had the following variances at year-end: What is the effect of closing these variances on the Cost of Goods Sold account at year-end? A) Increase by $35 B) Decrease by $35 C) Increase by $715 D) Decrease by $715 What is the effect of closing these variances on the Cost of Goods Sold account at year-end?


A) Increase by $35
B) Decrease by $35
C) Increase by $715
D) Decrease by $715

Correct Answer:

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