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Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer...

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Accounting

Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products. Forbes Division, which has $5 million in assets, manufactures a special testing device. At the beginning of the current year, Forbes invested $3.5 million in automated equipment for test machine assembly. The division's expected income statement at the beginning of the year was as follows.
\table[[Sales revenue,$15,900,000
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