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tractormech

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tractormech

Re: joe smith1 post# 52750

Monday, 08/15/2011 2:58:34 PM

Monday, August 15, 2011 2:58:34 PM

Post# of 98509
No, it is the cost of sales. The bottom line is the bottom line and the accountant is a former IRS agent. The inventory has gone up and is on a FIFO basis with the cost as not the retail price. Retained cash is also up (think cash in the bank).
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