Question
On the income statement, the amount of sales returns and allowances is added into selling expenses. subtracted from gross margin to determine net sales. added
On the income statement, the amount of sales returns and allowances is
| added into selling expenses. | ||
| subtracted from gross margin to determine net sales. | ||
| added in the calculation of cost of goods sold. | ||
| subtracted from gross sales to determine net sales. |
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The Process Approach Audit Checklist For Manufacturing
Authors: Karen Welch
1st Edition
0873896440, 978-0873896443
