COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A company sells goods for P30, 000 that cost P14, 000 to manufacture. Which statement(s) are correct?
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The company will decrease finished goods by P14, 000
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The company will recognize P16, 000 gross profit on the balance sheet
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The company will recognize sales on the balance sheet of P30, 000
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All of the above
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Explanation:
There is 1 question to complete.