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6. Financial information is presented helnw. The aluount of net sales on the income statement would be a. $153,000. b. $150,000. c. $160,000. d. $157,000.

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6. Financial information is presented helnw. The aluount of net sales on the income statement would be a. $153,000. b. $150,000. c. $160,000. d. $157,000. 7. At December 31, 2022, Howell Company's inventory records indicated a balance of $878,000. Upon further investigation it was determined that this amount included the following: - $168,000 in inventory purchases made by Howell shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2 - $111,000 in goods sold by Howell with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6 . - $9,000 of goods received on consignment from Westwood Company What is Howell's correct ending inventory balance at December 31, 2022? a. $710,000 b. $869,000 c. $590,000 d. $701,000 8. A credit sale of $3,800 is made on April 25 , terms 2/10, net/30, on which a return of $200 is granted on April 28. What amount will be received as payment in full if collected on May 4? a. $3,528 b. $3,724 c. $3,800 d $3,600

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