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1 ABC has no opening inventory. During the year, it buys 2000 microwave ovens at $300 each and sells 1500 of them for $500 each.

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1 ABC has no opening inventory. During the year, it buys 2000 microwave ovens at $300 each and sells 1500 of them for $500 each. Cash operating expenses are $40 000 and it owes wages of $10 000 at year-end. What is accrual profit for the year? (5.0) A $100 000 B. $110 000 C $250 000 D. $260 000

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