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Given the following for the Whittier Company Freight-Out $4,000 Sales Revenue 80,000 Inventory, January 1 15,000 Inventory, December 31 12,000 Freight-in 6,000 Bad Debt Expense

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Given the following for the Whittier Company Freight-Out $4,000 Sales Revenue 80,000 Inventory, January 1 15,000 Inventory, December 31 12,000 Freight-in 6,000 Bad Debt Expense 2,000 Purchases 38,000 1,500 Purchase Returns and Allowances Interest Revenue 5,000 Goods Available for Sale is: Select one: ca. 554,500 b. $41500 C. $57,500 d. $43.500 e. $51,600 Which is true for a 2-for-1 stock split? Select one a. Retained Earnings decreases b. Total Equity increases c. Total Equity decreases d. Contributed Capital remains unchanged For effective internal controls, which is not a required function to appropriately separate? Select one a. Authorization b. Recording c. Control Environment d. custody

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