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What income statement accounts will be affected by the news

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Reference no: EM13872918

As a sales representative for a publicly traded pharmaceutical company, you become aware of new evidence that one of your company's main drugs has significant life-threatening side effects that were not previously reported. Your company has a significant inventory of this drug. What income statement accounts other than Net Sales will be affected by the news? A friend asks you whether he should invest in your company. What should you say?

Reference no: EM13872918

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