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Vlada [557]
3 years ago
14

Exercise 4-11 Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related informa

tion. Sales, gross $ 245,000 Sales returns and allowances $ 20,000 Sales discounts 4,900 Sales salaries expense 10,900 Prepare the net sales portion only of this company’s multiple-step income statement.
Business
1 answer:
dezoksy [38]3 years ago
4 0

Answer:

Net sales revenue= 220,100

Explanation:

Giving the following information:

Sales, gross $ 245,000

Sales returns and allowances $ 20,000

Sales discounts 4,900

Sales salaries expense 10,900

<u>Sales salaries expense is not a part of the net sales in a multiple-step income statement. The net sales are as follow:</u>

Sales= 245,000

Sales returns and allowances=  (20,000)

Sales discounts= (4,900)

Net sales revenue= 220,100

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Answer:

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4 0
3 years ago
Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax
Ad libitum [116K]

Answer:

The Income Statement  is-

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I have done this question before in my "Money Management" Dual enrolled class.

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4 0
3 years ago
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Maurinko [17]

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Explanation:

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3 years ago
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Dominik [7]
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3 years ago
Read 2 more answers
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ipn [44]

i think it's" B" , from the explanation!

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Free trade increases the size of the economy as a whole. It allows goods and services to be produced more efficiently. ... Free trade is good for consumers. It reduces prices by eliminating tariffs and increasing competition. Greater competition is also likely to improve quality and choice.

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3 years ago
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