Question

Which of the following statements is false when a company sells Inventory costing $550 for $1,300 cash and operating expenses are $200? O Gross profit Is $750. Stockholders equity increases by net income of $550 Net sales Increases $750 Cost of goods sold is $550.

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Answer #1

solution :

Net sales increases $750

Explanation:

Gross profit = $1,300 - $550 = $750

option c

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