If A Company Sells Goods That Cost 70 000 For 82 000 The Firm Will Reduce Finish 1

17. If a company sells goods that cost $70,000 for $82,000, the firm will: A. reduce Finished-Goods Inventory by $70,000.B. reduce Finished-Goods Inventory by $82,000.C. report sales revenue on the balance sheet of $82,000.D. reduce Cost of Goods Sold by $70,000.E. follow more than one of the above procedures.

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