Question 2 Determine the effect on cost of goods sold, total assets, and gross margin for...

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Answer 1

Answer #1

2015
	Cost of Goods sold	Effect in 2015 on Total Assets	Gross Margin
a)	(-)	(0)	(+)
b)	(+)	(-)	(-)
2016
	Cost of Goods sold	Effect in 2016 on Total Assets	Gross Margin
a)	(0)	(0)	(0)
b)	(-)	(0)	(+)

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