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Graham Corporation has 1,000 cartons of oranges that were harvested at a cost of $28,600. The oranges can be sold as is for $33,520. The oranges can be processed further into orange juice at an additional cost of $12,775 and be sold at a price of $49,850. The net benefit (additional income) from processing the oranges into orange juice instead of selling as is would be: Multiple Choice $16,330. $(16,330). О $(3,555). ○ $3,555. $37,075.

Graham Corporation has 1,000 cartons of oranges that were harvested at a cost of $28,600. The oranges can be sold as is for $33,520. The oranges can be processed further into orange juice at an additional cost of $12,775 and be sold at a price of $49,850. The net benefit (additional income) from processing the oranges into orange juice instead of selling as is would be: Multiple Choice $16,330. $(16,330). О $(3,555). ○ $3,555. $37,075.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Graham Corporation has 1,000 cartons of oranges that were harvested at a cost of $28,600. The oranges can be sold as is for $33,520. The oranges can be processed further into orange juice at an additional cost of $12,775 and be sold at a price of $49,850. The net benefit (additional income) from processing the oranges into orange juice instead of selling as is would be: Multiple Choice $16,330. $(16,330). О $(3,555). ○ $3,555. $37,075.
Transcribed Image Text:Graham Corporation has 1,000 cartons of oranges that were harvested at a cost of $28,600. The oranges can be sold as is for $33,520. The oranges can be processed further into orange juice at an additional cost of $12,775 and be sold at a price of $49,850. The net benefit (additional income) from processing the oranges into orange juice instead of selling as is would be: Multiple Choice $16,330. $(16,330). О $(3,555). ○ $3,555. $37,075.
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