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Using the following information, what is the amount of merchandise available for sale?
Net Income
The total profit of a company after all expenses and taxes have been deducted from total revenue.
Common Stock
Shares that constitute ownership in a corporation, providing voting rights and entitling shareholders to a portion of the company ’s profits through dividends.
Cash Dividend
A payment made by a company to its shareholders, usually in cash, out of its profits or reserves.
Bond Payable
A long-term debt instrument issued by corporations and governments, promising to pay the bondholder a specified sum of money at future dates.
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