Hi I'm so confused on how to figure these things out.
If I sold a unit of inventory for $600 on account which had cost $300 and was already part of inventory prior to this sale, how does this effect net income or cash flow?
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Hi I'm so confused on how to figure these things out.
If I sold a unit of inventory for $600 on account which had cost $300 and was already part of inventory prior to this sale, how does this effect net income or cash flow?
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