Question
Gross billings for merchandise sold by Pharoah Company to its customers last year amounted to $12720000; sales returns and allowances were $363000, sales discounts were
Gross billings for merchandise sold by Pharoah Company to its customers last year amounted to $12720000; sales returns and allowances were $363000, sales discounts were $175600, and freight-out was $140600. Net sales last year for Pharoah Company were: A. $12720000 B. $12040800. C. $12357000. D.
| $12181400. |
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Auditing A Modern Approach
Authors: Sanjay Basotia
1st Edition
938092903X, 978-9380929033
