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How would that affect the balance sheet

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Reference no: EM132645758

Question 1: If a company sold inventory on account that cost 38,000 for 71,000, how would that affect the balance sheet? Explain in detail and provide the example.

Reference no: EM132645758

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How would that affect the balance sheet : If a company sold inventory on account that cost 38,000 for 71,000, how would that affect the balance sheet? Explain in detail and provide the example.
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