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On March 3, Cobra Inc. purchased a desk for $370 on account On March 22, Cobra purchased another desk for $510 also on account, and

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On March 3, Cobra Inc. purchased a desk for $370 on account On March 22, Cobra purchased another desk for $510 also on account, and then on March 24. Cobra paid $580 on account. At the end of March, what amount should Cobra report for desks (assuming these two desks were the only desks they had)? Multiple Choice $980 $140 $510 $370

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