Question: Simple MCQ question from Financial Accounting. Please solve it ASAP!!! QUESTION 4 During November Year 1, PEB Inc. purchased 2,000 units of inventory for $6

Simple MCQ question from Financial Accounting. Please solve it ASAP!!!

QUESTION 4 During November Year 1, PEB Inc. purchased 2,000 units of inventory for $6 per unit and sold 1,700 units for $10 per unit. The company's cost of goods sold was O 12.000 10.200 20,000 17.000 QUESTIONS During November Year 1, PEB Inc. purchased 2.000 units of inventory for $6 per unit and sold 1.700 units for $10 per unit. The company's gross profit was $9.800 O $6.800 $3.000 $8.000 $5.000 A transaction has been recorded in the T-accounts of Horowitz Corporation as follows: Cash 25,000 Common Stock 25.000 Which of the following reflects how this event affects the company's financial statements? Asset Liab. Stk. Equity NA Rev. Exp. = Net Inc. + - NA NA NA NA + Stmt of Cash Flows +FA +FA +OA -IA A. B. C. D. + NA NA NA NA NA + - + NA NA - - Option A Option B Option O Option D

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