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The following balances were reported by ABC Co. at December 31, 2020 and 2019: 12/31/20 P2,600,000 P2,900,000 750,000 12/31/19 Inventory Account payable 500,000 ABC Co. paid suppliers P4,900,000 during 2020. How much is the cost of goods sold in 2020? P4,350,000 P4,850,000 P4,950,000 P5,450,000 Answer not given

The following balances were reported by ABC Co. at December 31, 2020 and 2019: 12/31/20 P2,600,000 P2,900,000 750,000 12/31/19 Inventory Account payable 500,000 ABC Co. paid suppliers P4,900,000 during 2020. How much is the cost of goods sold in 2020? P4,350,000 P4,850,000 P4,950,000 P5,450,000 Answer not given

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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How much is the cost of goods sold in 2020? 

AutoSave INTAC P... P Search Sign in File Home Insert Design Layout References Mailings Review View Help A Share P Comments X Cut - 12 - A A Aav A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD O Find Helvetica LG Copy & Replace Paste BIU v ab x, x A - I. A v I Normal I No Spac. Heading 1 Heading 2 Subtle Em. Title Subtitle S Format Painter A Select v Clipboard Font Paragraph Styles Editing L. 1 I I 1 · 1 . 2. 3. 4 .I 5.I 6. I : 7.1 : 8 1 : 9. I • 10 . I : 11 · | 12 . I. 13 . I. 14 . I. 15 .I. 16 : : 17 The following balances were reported by ABC Co. at December 31, 2020 and 2019: 12/31/20 P2,600,000 P2,900,000 750,000 12/31/19 Inventory Account payable 500,000 ABC Co. paid suppliers P4,900,000 during 2020. How much is the cost of goods sold in 2020? P4,350,000 P4,850,000 P4,950,000 P5,450,000 Answer not given Page 4 of 9 W English (Philippines) D Focus 1076 words 190% 10:10 AM P3 P A 4) ENG 24/02/2021 近
Transcribed Image Text:AutoSave INTAC P... P Search Sign in File Home Insert Design Layout References Mailings Review View Help A Share P Comments X Cut - 12 - A A Aav A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD O Find Helvetica LG Copy & Replace Paste BIU v ab x, x A - I. A v I Normal I No Spac. Heading 1 Heading 2 Subtle Em. Title Subtitle S Format Painter A Select v Clipboard Font Paragraph Styles Editing L. 1 I I 1 · 1 . 2. 3. 4 .I 5.I 6. I : 7.1 : 8 1 : 9. I • 10 . I : 11 · | 12 . I. 13 . I. 14 . I. 15 .I. 16 : : 17 The following balances were reported by ABC Co. at December 31, 2020 and 2019: 12/31/20 P2,600,000 P2,900,000 750,000 12/31/19 Inventory Account payable 500,000 ABC Co. paid suppliers P4,900,000 during 2020. How much is the cost of goods sold in 2020? P4,350,000 P4,850,000 P4,950,000 P5,450,000 Answer not given Page 4 of 9 W English (Philippines) D Focus 1076 words 190% 10:10 AM P3 P A 4) ENG 24/02/2021 近
AutoSave INTAC P... P Search Sign in File Home Insert Design Layout References Mailings Review View Help A Share P Comments X Cut - 12 - A A Aav A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD O Find Helvetica LG Copy & Replace Paste BIU v ab x, x A - I. A v I Normal I No Spac. Heading 1 Heading 2 Subtle Em. Title Subtitle S Format Painter A Select v Clipboard Font Paragraph Styles Editing L. 1 I I 1 · 1 . 2. 3. 4 .I 5.I 6. I : 7.1 : 8 1 : 9. I • 10 . I : 11 · | 12 . I. 13 . I. 14 . I. 15 .I. 16 : : 17 The following balances were reported by ABC Co. at December 31, 2020 and 2019: 12/31/20 P2,600,000 P2,900,000 750,000 12/31/19 Inventory Account payable 500,000 ABC Co. paid suppliers P4,900,000 during 2020. How much is the cost of goods sold in 2020? P4,350,000 P4,850,000 P4,950,000 P5,450,000 Answer not given Page 4 of 9 W English (Philippines) D Focus 1076 words 190% 10:10 AM P3 P A 4) ENG 24/02/2021 近
Transcribed Image Text:AutoSave INTAC P... P Search Sign in File Home Insert Design Layout References Mailings Review View Help A Share P Comments X Cut - 12 - A A Aav A AaBbCcDc AaBbCcDc AaBbC AaBbCcC AaB AaBbccc AaBbCcD O Find Helvetica LG Copy & Replace Paste BIU v ab x, x A - I. A v I Normal I No Spac. Heading 1 Heading 2 Subtle Em. Title Subtitle S Format Painter A Select v Clipboard Font Paragraph Styles Editing L. 1 I I 1 · 1 . 2. 3. 4 .I 5.I 6. I : 7.1 : 8 1 : 9. I • 10 . I : 11 · | 12 . I. 13 . I. 14 . I. 15 .I. 16 : : 17 The following balances were reported by ABC Co. at December 31, 2020 and 2019: 12/31/20 P2,600,000 P2,900,000 750,000 12/31/19 Inventory Account payable 500,000 ABC Co. paid suppliers P4,900,000 during 2020. How much is the cost of goods sold in 2020? P4,350,000 P4,850,000 P4,950,000 P5,450,000 Answer not given Page 4 of 9 W English (Philippines) D Focus 1076 words 190% 10:10 AM P3 P A 4) ENG 24/02/2021 近
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