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Posted on Aug 07, 2024

Which of the following statements is false when a company sells inventory costing $550 for $1,300? A.Stockholders equity changes. B.Cost of goods sold is $550.

Which of the following statements is false when a company sells inventory costing $550 for $1,300?

A.Stockholders equity changes.

B.Cost of goods sold is $550.

C.Gross profit is $750.

D.Net sales increases $750.

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