At the end of the current year, Cuppa Joes' Inventory account balance was $12,600. A physical count

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At the end of the current year, Cuppa Joes' Inventory account balance was $12,600. A physical count of the inventory revealed that inventory on hand totalled $12,200. What amount should Cuppa Joes report on its statement of financial position?
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Financial Accounting

ISBN: 978-0133375534

2nd Canadian edition

Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad

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