Question
The gross profit is 100,000; goods available for sale is 1,100,000; beginning inventory is 100,000; purchases is 1,000,000; and sales is 1,000,000. The ending inventory
The gross profit is 100,000; goods available for sale is 1,100,000; beginning inventory is 100,000; purchases is 1,000,000; and sales is 1,000,000. The ending inventory is?*
A) 300,000
B) 100,000
C) 200,000
D) zero
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
