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Newco sells 3300,000 of Inventory for $500,000 this period. $400,000 is bought on credit, due in 30days. Which statement below is points most correct? NewCo

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Newco sells 3300,000 of Inventory for $500,000 this period. $400,000 is bought on credit, due in 30days. Which statement below is points most correct? NewCo records $300,000 of Cost of Goods under matching principle. NewCo records $300,000 of Cost of Goods under revenue recognition' principle. o Newco records $300,000 of Cost of Goods under fair value principle. None of these other answers are correct

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