Question
Elm Corporation is a merchandising company. The year began with inventory of $32,000, Purchases for the year were $57,000, and the Ending Inventory was $19,000.
Elm Corporation is a merchandising company. The year began with inventory of $32,000, Purchases for the year were $57,000, and the Ending Inventory was $19,000. What is the Cost of Goods Sold that would be reported on the income statement?
Multiple Choice
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$70,000
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$108,000
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$6,000
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$44,000
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Auditing And GRC Automation In SAP
Authors: Maxim Chuprunov
1st Edition
3642353010, 9783642353017
