Question
Tom Chemical Inc. received refundable deposits on returnable containers in the amount of $100,000 during 2018. Twelve percent of the containers were not returned. The
Tom Chemical Inc. received refundable deposits on returnable containers in the amount of $100,000 during 2018. Twelve percent of the containers were not returned. The deposits are based on the container cost marked up 20%. What is cost of goods sold relative to this forfeiture?
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Uniform Administrative Requirements Cost Principles And Audit Requirements For Federal Awards A Handbook For Institutions Of Higher Education And State And Local Governments
Authors: Andrew Shepard-Smith
1st Edition
1505298482, 978-1505298482
