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If a company has a higher than usual cost of goods sold in a year, what potential effect does that have on its taxes?

If a company has a higher than usual cost of goods sold in a year, what potential effect does that have on its taxes?

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A higher cost of goods sold COGS in a year can have several potential effects on a companys taxesdepending on various factorsHere are some key points ... blur-text-image

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