Question
Which is true concerning multiple sales accounts? Companies may not use multiple sales accounts; all sales are recorded in one Sales Revenue account. Companies may
Which is true concerning multiple sales accounts?
Companies may not use multiple sales accounts; all sales are recorded in one Sales Revenue account.
Companies may use multiple sales accounts; if they do they must report each sales account as a separate item in the income statement.
Companies may use multiple sales accounts; if they do they can report as a single Sales Revenue amount in the income statement, but must disclose the separate Sales Revenue amounts elsewhere.
Companies may use multiple sales accounts; if they do they generally report a single Sales Revenue amount in the income statement, and do not disclose the separate Sales Revenue amounts elsewhere.
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