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A company sells goods for $300,000 that cost $140,000 to manufacture. Which statement(s) are true? A) The company will recognize sales on the balance sheet

A company sells goods for $300,000 that cost $140,000 to manufacture. Which statement(s) are true? A) The company will recognize sales on the balance sheet of $300,000. B) The company will recognize $160,000 gross profit on the balance sheet. C) The company will decrease finished goods by $140,000. D) All of the above are true

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