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Your company received a $ 7 million order on the last day of the year. You filled the order with $ 3 million worth of
Your company received a $ million order on the last day of the year. You filled the order with $ million worth of inventory. The customer picks up the order the same day and pays $ million up front in cash; you also issue a bill for the customer to pay the remaining balance of $ million within days. Suppose your firm's tax rate is ignore taxes Based on this information, complete the table below:
tableAccounttableIncreaseDecreaseNo effecttableValue ofeffect $RevenuesEarningsReceivablesInventoryCash
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