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answer with showing all working 7. What would be the balance of Sales discounts, returns and allowances if you know that Gross profit equals $
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7. What would be the balance of "Sales discounts, returns and allowances" if you know that "Gross profit" equals $ 3,000,000, and "Sales revenues" equals $ 4,500,000, and "Cost of goods sold" equals $ 1,000,000? * (3 Points) $ 500,000 $ 1,500,000 None of provided answers is correct O $ 2.500.000Step by Step Solution
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