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What should appear on bobby company income statement as

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Reference no: EM132998853

Problem 1: Bobby's company sells neckties. Each necktie costs Bobby $2.50 to manufacture in his sewing facility. Bobby sells the ties for $10 each. The $2.50 should appear on Bobby's company's Income Statement as.

Group of answer choices

Option 1: Sales

Option 2: COGS

Option 3: Taxes

Option 4: SG&A

Reference no: EM132998853

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