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Borden Corporation Had Sales This Year of $2,450,000 and Cost

Question 163

Multiple Choice

Borden Corporation had sales this year of $2,450,000 and cost of goods sold of $1,100,000. Borden expects returns in the following year to equal 8% of sales. The adjusting entry or entries to record the expected sales returns is(are) :


A) Borden Corporation had sales this year of $2,450,000 and cost of goods sold of $1,100,000. Borden expects returns in the following year to equal 8% of sales. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)
B) Borden Corporation had sales this year of $2,450,000 and cost of goods sold of $1,100,000. Borden expects returns in the following year to equal 8% of sales. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)
C) Borden Corporation had sales this year of $2,450,000 and cost of goods sold of $1,100,000. Borden expects returns in the following year to equal 8% of sales. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)
D) Borden Corporation had sales this year of $2,450,000 and cost of goods sold of $1,100,000. Borden expects returns in the following year to equal 8% of sales. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)
E) Borden Corporation had sales this year of $2,450,000 and cost of goods sold of $1,100,000. Borden expects returns in the following year to equal 8% of sales. The adjusting entry or entries to record the expected sales returns is(are) : A) B) C) D) E)

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