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Business Accountant Quiz (Sale, Business, Company)

If the company wants to earn a profit of $35,000 instead of breaking even, what is the amount of sales or revenue dollars the company must achieve?

Depreciation Expense

Proceeds from the sale of equipment used in the business

The Loss on the Sale of Equipment in Question #2.

Declaration and payment of dividends on company's stock

Gain on the Sale of Automobile formerly used in the business

The proceeds from the sale of the automobile in Item #5.

An increase in the balance in a retailer's Merchandise Inventory

An increase in the balance in Accounts Payable

Retirement of long-term Bonds Payable

Tagged as: sale
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