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Assume a merchandising company provides the following information from Its master budget for the month of May: f the company maintains no beginning or ending

Assume a merchandising company provides the following information from Its master budget for the month of May: f the company maintains no beginning or ending merchandise Inventory and makes all of Its Inventory purchases on account what is the budgeted net operating income for May? Multiple Choice $39,900 $26,000 $27,800

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