CHAPTER 10
Truck #3 15,200.00 Cost of Goods Sold 12,000.00 Inventory 12,000.00 Sales 15,200.00 [Note to instructor: The selling (retail) price of the computer system appears to be a better gauge of the fair value of the consideration given than is the list price of the truck as a gauge of the fair value of the consideration received (truck). ................
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