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The following information is available for Excelsior Corp for 2020: Payment for goods during year Accounts payable, beginning Inventory, beginning Accounts payable, ending Inventory, ending Cost of goods sold for 2020 is $102,600. $105,400. $114,400. $132,000. $104,000 14,000 28,000 12,600 16,200

The following information is available for Excelsior Corp for 2020: Payment for goods during year Accounts payable, beginning Inventory, beginning Accounts payable, ending Inventory, ending Cost of goods sold for 2020 is $102,600. $105,400. $114,400. $132,000. $104,000 14,000 28,000 12,600 16,200

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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The following information is available for Excelsior Corp for 2020: Payment for goods during year $104,000 Accounts payable, beginning Inventory, beginning Accounts payable, ending Inventory, ending Cost of goods sold for 2020 is $102,600. $105,400. $114,400. $132,000. 14,000 28,000 12,600 16,200
Transcribed Image Text:The following information is available for Excelsior Corp for 2020: Payment for goods during year $104,000 Accounts payable, beginning Inventory, beginning Accounts payable, ending Inventory, ending Cost of goods sold for 2020 is $102,600. $105,400. $114,400. $132,000. 14,000 28,000 12,600 16,200
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