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Johnson, Inc. has just ended the calendar year making a sale in the amount of $ 1 0 0 , 0 0 0 of merchandise
Johnson, Inc. has just ended the calendar year making a sale in the amount of $ of merchandise purchased during the year at a total cost of $ Although the firm paid in full for the merchandise during the year, it is yet to collect at year end from the customer. The net profit and cash flow from this sale for theyear are a $ and $ respectivelyO b $ and $ respectively c $ and $ respectively d None of the above
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