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Assume the following data about an item of damaged merchandise: Original cost $1,120 Estimated selling price $1,810 Selling expenses 380 What will the net realizable
Assume the following data about an item of damaged merchandise:
| Original cost | $1,120 |
| Estimated selling price | $1,810 |
| Selling expenses | 380 |
What will the net realizable value of the merchandise be?
a.$1,430
b.$2,348
c.$2,860
d.$3,779
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
2nd Edition
0030270995, 978-0030270994
