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Question - Messer Corporation sells recreational vehicles (RV). At the beginning of the year, they had one RV in inventory costing $40,000. They purchased another RV for $42,000. They sold one of the RVs for $57,500. How much gross profit using the first-in, first- out (FIFO) method?
question 1in advertising there are theories that have been established through research by communication specialists to
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Max Company purchased equipment on November 1, 2010 and gave a 16-month, 12% note with a face value of $5,000. Interest will not be paid in cash until the note matures. The December 31, 2010 adjusting entry is ??
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