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if a company sells goods that cost $ 8 6 , 0 0 0 for $ 9 8 , 0 0 0 , the firm

if a company sells goods that cost $86,000 for $98,000, the firm will:
a. reduce Finished-goods inventory by $86,000
b. reduce finished-goods inventory by $98,000
c. report sales revenue on the balance sheet of $98,000
d. reduce costs of goods sold by $86,000
e. follow more than one of the other procedures.

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