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ABC Company sold merchandise for $167,000 cash during the month of July. Returns that month totaled $4,100. If the companys gross profit rate is 45%,
ABC Company sold merchandise for $167,000 cash during the month of July. Returns that month totaled $4,100. If the companys gross profit rate is 45%, the company will report monthly net sales revenue and cost of goods sold of
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
