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Assuming the Inventory Balance at the End of the Year

Question 36

Multiple Choice

Assuming the Inventory balance at the end of the year is $125,000, and it has increased by 5% during the year. The Inventory balance at the beginning of the year was closest to:


A) $131,579.
B) $119,048.
C) $131,250.
D) $118,750.

Correct Answer:

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