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If a company sells goods that cost $ 8 3 , 0 0 0 for $ 9 5 , 0 0 0 , the firm

If a company sells goods that cost $83,000 for $95,000, the firm will:
A. report sales revenue on the balance sheet of $95,000.
B. follow more than one of the other procedures.
C. reduce Finished-Goods Inventory by $95,000.
D. reduce Finished-Goods Inventory by $83,000.
E. reduce Cost of Goods Sold by $83,000.

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