If a company has a higher than usual cost of goods sold in a year, what potential

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If a company has a higher than usual cost of goods sold in a year, what potential effect does that have on its taxes?

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Posted Date: Feb 23, 2024 12:45 AM

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If a company has a higher than usual cost of goods sold in a year, what potential

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Expert Answer:

A higher cost of goods sold COGS in a year can have several potential effects on a companys taxesdepending on various factorsHere are some key points ... View the full answer

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