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From the previous question, now assume Potter's ending inventory contains $130,000 in merchandise purchased from Stanton, at a markup of 30% on cost. What is
From the previous question, now assume Potter's ending inventory contains $130,000 in merchandise purchased from Stanton, at a markup of 30% on cost. What is the impact on net income a) \$12,000 lower b) $30,000 lower c) There is no impact d) $15.600 lower
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