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Assume The marketing The department has presented a plan to increase advertising expenses by 690 million dollars. expects this plan to result in an increase

Assume The marketing The department has presented a plan to increase advertising expenses by 690 million dollars. expects this plan to result in an increase in both net sales and cost a good sold up 20%. (hint increase both sales revenue and sales returns and allowances by 20% assume a tax rate of 34%, in round all amounts to whole dollars) prepare a multiple step income statement. report net sales without explicitly showing for sales revenue and sales returns and allowances individually on the income statement.

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