Question
What is the effect of the following business activity on the element indicated? Sold product to a customer for $900 cash. The cost of the
What is the effect of the following business activity on the element indicated?
Sold product to a customer for $900 cash. The cost of the inventory was $500. --- Revenues
Question 3 options:
1)
no effect
2)
decrease
3)
increase to one and decrease to another
4)
increase
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
