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4.GrossbillingsformerchandisesoldbyOttoCompanytoitscustomerslastyearamountedto $10,720,000; sales returns and allowances were $270,000, sales discounts were $175,000, and freight-out was $140,000.Net sales last year for Otto Company were a.$10,720,000. b.$10,450,000.
4.GrossbillingsformerchandisesoldbyOttoCompanytoitscustomerslastyearamountedto
$10,720,000; sales returns and allowances were $270,000, sales discounts were $175,000, and freight-out was $140,000.Net sales last year for Otto Company were
a.$10,720,000.
b.$10,450,000.
c.$10,275,000.
d.$10,135,000.
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
