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Questions and Answers
Which item would be increased by the sales transaction?
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?
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?
Which item is not directly impacted by this sales transaction?
- Cash from Operations
- Current Assets
- Accounts Payable (correct)
- Revenue
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