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  3. lynn was reviewing the operating performance of no

Lynn was reviewing the operating performance of Novak Co., a shoe manufacturer. She marveled at...

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Accounting

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image Lynn was reviewing the operating performance of Novak Co., a shoe manufacturer. She marveled at the numbers when she determined the company generated positive operating income of $255,900 last year, even after recognizing so many costs! In reviewing the many cost transactions, here is what she found: In addition, there were inventories on the balance sheet at the beginning and end of the year, both of which factored into the overall cost analysis, as follows

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