What amount should cobra report for desks

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Reference no: EM13788980

On March 3, Cobra Inc. purchased a desk for $410 on account. On March 22, Cobra purchased another desk for $540 also on account, and then on March 24, Cobra paid $540 on account. At the end of March, what amount should Cobra report for desks (assuming these two desks were the only desks they had)?

$410.

$540.

$950.

$130.

Reference no: EM13788980

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