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1) A sales discount correctly taken by the charge customer was debited to Sales at the time the entry was recorded. This error will cause.A) the net income for the period to be understand.B) the net income for the period to be overstated.C) the control account to not agree with the subsidiary ledger.D) the sales account to be understated
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If fixed costs are $259,238, the unit selling price is $112, and the unit variable costs are $63, what is the break-even sales (units)?
POWERS OF INVESTMENT The trustees have a duty to obtain control of trust assets and to invest trust funds in authorised securities. The trustees may invest in such securities
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