If a company sells goods that cost $70,000 for $82,000, the firm will: reduce Finished-Goods Inventory by $70,000. reduce Finished-Goods Inventory...

17. If a company sells goods that cost $70,000 for $82,000, the firm will: A. reduce Finished-Goods Inventory by $70,000.B. reduce Finished-Goods Inventory by $82,000.C. report sales revenue on the balance sheet of $82,000.D. reduce Cost of Goods Sold by $70,000.E. follow more than one of the above procedures.