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1) 2) Sales Returns and Allowances have the effect of Multiple Choice increasing total revenue. increasing assets. decreasing total revenue. increasing expenses. During the year,
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Sales Returns and Allowances have the effect of Multiple Choice increasing total revenue. increasing assets. decreasing total revenue. increasing expenses. During the year, a firm purchased $257,700 of merchandise and paid freight charges of $41,870. If the total purchases returns and allowances were $16,540 and purchase discounts were $9,000 for the year, what is the net delivered cost of purchases? Multiple Choice $274,030 $299,570 $190,290 $325,110
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