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what is the amount of income from operation for 2022? Lowes sells merchandise to customers. Cost of inventory is 70% of the selling price. -
what is the amount of income from operation for 2022?
Lowes sells merchandise to customers. Cost of inventory is 70% of the selling price. - Lowes uses a gross method to account for sales discount on early recetpt of accounts recervables. - The terms for all Account Recelvables are 2/0, n/30. - Merchandise becomes unreturnable after 5 months. In 2021, the beginning inventory for Lowes was $1.000.000. Lowes' sales transactions during 2021-2022 are as follown What is the amount of income from operation for 2022? Muluple Choice $30,000 50 (\$145,000) 5100,000 Step by Step Solution
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