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ABC Company made two purchases at the beginning of Year 1: Inventory costing $70 Land costing $725 Both were sold during Year 1: Inventory for
ABC Company made two purchases at the beginning of Year 1: Inventory costing $70 Land costing $725 Both were sold during Year 1: Inventory for $110 Land for $1000 How much revenue would ABC Company show on its Year 1 Income Statement? $1000 $40 $110 $1110
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