Sales Transaction and Financial Items Quiz
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Questions and Answers

Which item would be increased by the sales transaction?

  • Accounts Payable
  • Cost of Goods Sold
  • Revenue (correct)
  • Cash from Operations

    • Which item represents the cost to manufacture the goods?

  • Cost of Goods Sold (correct)
  • Current Assets
  • Accounts Payable
  • Revenue

    • Which item is not directly impacted by this sales transaction?

  • Cash from Operations
  • Current Assets
  • Accounts Payable (correct)
  • Revenue

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