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storchak [24]
3 years ago
5

If a company has total revenues of $100,000, sales discounts of $3,000, sales returns of $4,000, and sales allowances of $2,000,

the income statement will report net revenues of $91,000.
A) True
B) False
Business
1 answer:
pochemuha3 years ago
8 0

Answer:

A) True

Explanation:

The net revenues of any company is calculated using the following formula:

Net revenues=Gross revenues-sales discount-sales returns-allowances

                      =$100,000-$3,000-$4,000-$2,000

                      =$91,000

Based on the above discussion, the answer is A) True                            

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