Question
In 2010, Brock Brothers, Inc. had gross sales of $ 18,151,519. The company's management reported a Returns and Allowances estimate in 2010 equal to
In 2010, Brock Brothers, Inc. had gross sales of $ 18,151,519. The company's management reported a Returns and Allowances estimate in 2010 equal to 6 % of gross sales. What did Brock Brothers, Inc. report as Net sales in 2010? Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568. Your Answer: Answer
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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