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If a company sells goods that cost $80,000 for $92,000, the firm will: reduce Finished-Goods Inventory by $80,000. reduce Finished-Goods Inventory by $92,000. report sales
If a company sells goods that cost $80,000 for $92,000, the firm will:
| reduce Finished-Goods Inventory by $80,000. | ||
| reduce Finished-Goods Inventory by $92,000. | ||
| report sales revenue on the balance sheet of $92,000. | ||
| reduce Cost of Goods Sold by $80,000. | ||
| follow more than one of the other procedures. |
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