In Analyzing the Income Statement of Bob Company, Cost of Goods

question 26

Multiple Choice

In analyzing the income statement of Bob Company, cost of goods sold decreased from 2016 to 2017 by 8.2%. The cost of goods sold was $19,000 in 2016. The cost of goods sold to the nearest cent in 2017 was:

• A) $20,697.17
• B) $20,679.71
• C) $20,769.71
• D) $20,796.71
• E) None of these

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