Which of the Following Statements Is False When a Company

question 13

Multiple Choice

Which of the following statements is false when a company sells inventory costing $700 for $1,200?

• A)Cost of goods sold increases $700.
• B)Gross profit increases $500.
• C)Stockholders' equity increases $500.
• D)Net sales increases $500.

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Definitions:

Prospective Customers

Potential clients or customers who are considered likely to purchase a business's products or services.

Flying Car

A type of vehicle that can function both as a standard road vehicle and an aircraft, offering a personal air travel option.

Ultimate Consumers

The end-users who purchase and use products and services for their personal use, as opposed to buying them for resale or production.

Organizational Buyers

Refers to entities such as businesses, governments, and institutions that purchase goods or services for use in the production of other goods and services, for resale, or for general business operations.