Given the Following Data,what Is Cost of Goods Sold A)$12,000
B)$ 9,000
C)$ 8,000
D)$ 7,000
E)$ 1,000

question 79

Multiple Choice

Given the following data,what is cost of goods sold? $$\begin{array} { l l } \text { Sales revenue } & \$ 10,00 \\\text { Bpginninginventory } & 3,000 \\\text { Endinginventory } & 7,000 \\\text { purchesef of inventory } & 5,000\end{array}$$

• A)$12,000
• B)$ 9,000
• C)$ 8,000
• D)$ 7,000
• E)$ 1,000

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Definitions:

Subpoena Duces Tecum

Latin; a legal document that requires the recipient to bring certain written records to court to be used as evidence in a lawsuit.

Malfeasance

The performance of an act that is unlawful or wrongful by a public official or other person in power.

Res Ipsa Loquitur

A legal principle which means "the thing speaks for itself," used in tort law to suggest that the defendant's negligence is the obvious cause of the plaintiff's injury.

Licensed Practitioner

A professional who has received a license to practice their profession legally after meeting the required standards of education, training, and experience.