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Oak Company recognized $ 5 0 0 of cost of goods soid sales revenue. Oak uses the cost of goods sold part of the transaction

Oak Company recognized $500 of cost of goods soid sales revenue. Oak uses the cost of goods sold part of the transaction and not the sales reflects the effect of recognizing the cost of goods sold on the financial statements.
Balance Sheet
Income Statement
Statement
Assets = Liab. + Stockholders' Revenue - Expense ={:[Net]Income
of Cash
Flows
A.500
B.(500)
C.(500)(500)na
na
500
(500)500
D.(500)
(500)
na
na
n/a
Option C
Option D
Option A
Option B
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