Multiple Choice
A company sells goods for $150,000 that cost $60,000 to manufacture. Which statement(s) are true?
A) The company will recognize sales on the balance sheet of $150,000.
B) The company will recognize $90,000 gross profit on the balance sheet.
C) The company will decrease finished goods by $60,000.
D) All of these are true.
Correct Answer:
Verified
Correct Answer:
Verified
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