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Business, 12.03.2020 06:51 kernlife

Assume PCM sold inventory on account to eCOST on December 28 that was to be delivered January 3. The inventory cost PCM $25,500 and the selling price was $31,000. What amounts, if any, related to this transaction would be reported on PCM's balance sheet and income statement in December?

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Assume PCM sold inventory on account to eCOST on December 28 that was to be delivered January 3. The...
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