Question
ABC Company has gross sales revenue for the year of $150,000. The company had $2,800 in sales discounts, and sales tax collected for the year
ABC Company has gross sales revenue for the year of $150,000. The company had $2,800 in sales discounts, and sales tax collected for the year was $11,500. What is ABC Company's net sales revenue for the year?
a). $158,700
b). $161,500
c). $147,200
d). $164,300
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
