Austin sound sold inventory for $ 300,000, terms 2/10, n/30. cost of goods sold was $152,000. how much sales revenue will aust

Question

DochEvi [55]

2 years ago

9

Austin sound sold inventory for $ 300,000, terms 2/10, n/30. cost of goods sold was $152,000. how much sales revenue will aust

in sound report from the sale

Business

1 answer:

LenKa [72] · Answer 1 · 2022-09-01T04:37:34+03:00

LenKa [72]2 years ago

4 0

The correct answer is $300,000.

The company will report the actual amount of the sale - $300,000. The cost of goods sold is subtracted from the net sales on the income statement at the end of the fiscal period.

Austin sound sold inventory for $ 300,000, terms 2​/10, ​n/30. cost of goods sold was $152,000. how much sales revenue will aust

Austin sound sold inventory for $ 300,000, terms 2/10, n/30. cost of goods sold was $152,000. how much sales revenue will aust