Question
Exercise 5-11 Net sales computation for multiple-step income statement LO P4 A company reports the following sales-related information. Sales, gross $ 265,000 Sales returns and
Exercise 5-11 Net sales computation for multiple-step income statement LO P4
A company reports the following sales-related information.
| Sales, gross | $ | 265,000 | Sales returns and allowances | $ | 16,000 | ||
| Sales discounts | 5,300 | Sales salaries expense | 11,300 | ||||
Prepare the net sales portion only of this companys multiple-step income statement.
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The Operational Auditing Handbook Auditing Business And IT Processes
Authors: Andrew Chambers, Graham Rand
2nd Edition
0470744766, 978-0470744765
