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The thomas company now has 12000 his is what they paid for

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The Thomas Company now has $12,000 (his is what they paid for the inventory) of obsolete inventory stock. This inventory could be sold for $5,000 at a loss, or modified for $6,000 and sold for $15,000.The change in the company's net income resulting from modifying the inventory and then selling it opposed to selling it as is would be?

Reference no: EM13583488

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