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Dub Dairy produces milk to sell to local and national ice cream producers. Dub Dairy began operations on January 1,2015 by purchasing 840 milk cows

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Dub Dairy produces milk to sell to local and national ice cream producers. Dub Dairy began operations on January 1,2015 by purchasing 840 milk cows for $1,176,000. The company controller had the following information available at year end relating to the cows: At December 31, 2015, what is the value of the milking cows on Dub Dairy's statement of financial position? $0 $1,541,000 $1,134,000 d) $1,499,000 e) $1,176,000 Leave blank

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