If a company sells goods that cost P95,800 for P110,170, the firm will:?

Select one:

a.

reduce Cost of Goods Sold by P95,800

b.

reduce Finished-Goods Inventory by P95,800

c.

follow more than one of the above procedures

d.

report sales revenue on the balance sheet of P110,170

e.

reduce Finished-Goods Inventory by P110,170