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One of Hawk Companys customers returned products that cost Hawk $300, which was sold on account for $450. Which of the following does not correctly

One of Hawk Companys customers returned products that cost Hawk $300, which was sold on account for $450. Which of the following does not correctly describe the effect of the return on the financial statements? O Gross profit decreases $150. O Total current assets decrease $150. O Sales returns and allowances increase $150 Operating expenses increase $150

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