Question 21 (5 points) Company A has $300,000 in sales and COGS of $120,000. What is gross profit and what is the gross profit margin? $120,000, 60% $80,000, 40% $180,000, 40% $180,000, 60% Question 22 (5 points) An asset can be valued based on replacement cost fair value market value None of the above All of the above Question 23 (5 points) In the Accounting Duality, there are two equal sides. What are they? Assets and Liabilities Liabilities and Equity Rights and Obligations Short-term and Long-term Question 24 (5 points) For a retailer, accepting a bankcard credit card for payment is a(n). cash equivalant installment sale sale that is recorded when the credit card bill is paid sale on credit Question 25 (5 points) If an Liability increases, you the account. debit credit