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Where are selling and administrative expenses found on the multiple-step income statement? Oa. after net income and before expenses Ob. before gross profit Qc. after

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Where are selling and administrative expenses found on the multiple-step income statement? Oa. after net income and before expenses Ob. before gross profit Qc. after sales and before gross profit Od after gross profit Determining Amounts to be paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period: Merchandise Freight Paid by Seller Customer Returns and Allowances $900 a. $17,000 b. $500 12,400 5,900 C. FOB destination, 1/30 FOB shipping point, 1/10, 1/30 FOB shipping point, 1/10, 1/30 FOB shipping point, 2/10, 1/30 FOB destination, 1/10, 1/30 1,500 500 d. 3,600 100 500 3.100 b. c. QUOD d. $ e

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