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Lee Limited Began Operations on January 1, 2012

Question 50

Multiple Choice

Lee Limited began operations on January 1, 2012. The following data relate to the company's first 2 years in business: Lee Limited began operations on January 1, 2012. The following data relate to the company's first 2 years in business: What is the correct cost of goods sold for 2013? A) $400,000 B) $405,000 C) $450,000 D) $460,000 What is the correct cost of goods sold for 2013?


A) $400,000
B) $405,000
C) $450,000
D) $460,000

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