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2 Which of the following statements is false when a company sells inventory costing $100 for $1,000 cash and operating expenses are $200? Multiple
2 Which of the following statements is false when a company sells inventory costing $100 for $1,000 cash and operating expenses are $200? Multiple Choice Net sales increase $900. Stockholders' equity increases by net income of $700. Cost of goods sold is $100. Gross profit is $900.
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