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8. Consider the overall effects on Fossil of selling watches on account for $64,000 and paying expenses totaling $25,000. What is Fossils net income or
8. Consider the overall effects on Fossil of selling watches on account for $64,000 and paying expenses totaling $25,000. What is Fossils net income or net loss?
Cannot determine from the data given
Net loss of $39,000
Net income of $39,000
Net income of $64,000
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