A company has the following partial list of account balances at year-end: • • • Sales returns and allowances = $1,500 Accounts receivable = $45,000 Sales discounts = $2,500 ⚫ Sales revenue = $120,000 • ⚫ Allowance for doubtful accounts = $1,000 What is the net sales revenue? • A. $116,000 • B. $114,000 • C. $118,000 ⚫ D. $119,000

A company has the following partial list of account balances at year-end: • • • Sales returns and allowances = $1,500 Accounts receivable = $45,000 Sales discounts = $2,500 ⚫ Sales revenue = $120,000 • ⚫ Allowance for doubtful accounts = $1,000 What is the net sales revenue? • A. $116,000 • B. $114,000 • C. $118,000 ⚫ D. $119,000

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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