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Use the Chart Provided Below to Determine the Impact of a Company

Question 64

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Use the chart provided below to determine the impact of a company processing a $3,500 purchase invoice in fiscal 2014 for a purchase made near its fiscal 2013 year end. The goods were appropriately included in the year end inventory count.
Use the chart provided below to determine the impact of a company processing a $3,500 purchase invoice in fiscal 2014 for a purchase made near its fiscal 2013 year end. The goods were appropriately included in the year end inventory count.

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