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Which one of the following statements is true when Harley Inc. sells inventory costing $800 for $1,400 cash, and operating expenses are $500? a. Stockholders'
Which one of the following statements is true when Harley Inc. sells inventory costing $800 for $1,400 cash, and operating expenses are $500?
a. Stockholders' equity increases $100.
b. Net sales increases $2,200.
c. Gross profit increases $100.
d. There is no change in current assets.
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