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A) The following financial information isfor Chesapeake Corporationarefor the fiscal years ending 2020 & 2019...

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Accounting

A) The following financial information isfor Chesapeake Corporationarefor the fiscal years ending 2020 & 2019 (all balances are normal):

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Item Account 2020 2019 Current Liabilities 90,000 42,000 Net Sales [all credit) 550,000 485,000 Cost of Goods Sold 238,000 265,000

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