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Exercise 5-12 Multiple-step income statement LO P4 A company reports the following sales-related information. Sales, gross $ 200,000 Sales returns and allowances $ 16,000 Sales
Exercise 5-12 Multiple-step income statement LO P4
| A company reports the following sales-related information. |
| Sales, gross | $ | 200,000 | Sales returns and allowances | $ | 16,000 | ||
| Sales discounts | 4,000 | Sales salaries expense | 10,000 |
| Prepare the net sales portion of the company?s multiple-step income statement. |
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College Accounting Chapters 1-13
Authors: John Price
14th Edition
007763991X, 9780077639914
