A company had the following partial list of account balances at year- end: Sales returns and allowances $1,000 Accounts receivable 38,000 Sales discounts 2,100 Sales revenue 95,000 Allowance for doubtful accounts 1,200 How much is net sales revenue? a. $91,900 b. $90,700 c. $89,900 d. $88,600

A company had the following partial list of account balances at year- end: Sales returns and allowances $1,000 Accounts receivable 38,000 Sales discounts 2,100 Sales revenue 95,000 Allowance for doubtful accounts 1,200 How much is net sales revenue? a. $91,900 b. $90,700 c. $89,900 d. $88,600

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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