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Business, 21.06.2021 20:40 whitty

Clark's Chemical Company received refundable deposits on returnable containers in the amount of $100,000 during 2018. Twelve percent of the
containers were not returned. The deposits are based on the container cost
marked up 20%. What is cost of goods sold relative to this forfeiture?
a. $0.
b. $2,000.
c. $10,000.
d. $14,400.

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Clark's Chemical Company received refundable deposits on returnable containers in the amount of $10...
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