you are the owner of unbelievable chairs inc an online furniture store. on 13th december...
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you are the owner of unbelievable chairs inc an online furniture store. on 13th december 2022 you have recieved 100 chairs from the manufacturer in china and paid $50 per chair on january 3rd 2023. wallmart bought all the chairds on december 29th and paid on january 15th $100 per chair. you prepare income statement yourself. what will be the revenues and the COGS for these chairs? which year do you recordthem into and why
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