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For the fiscal year, Brighton Corp. had the following financial data: • Total sales revenue: $9,500,000 • Sales discounts: $120,000 • Sales returns and allowances: $55,000 • Cost of goods sold (COGS): $5,800,000 What was Brighton Corp.'s net sales revenue for the fiscal year?

For the fiscal year, Brighton Corp. had the following financial data: • Total sales revenue: $9,500,000 • Sales discounts: $120,000 • Sales returns and allowances: $55,000 • Cost of goods sold (COGS): $5,800,000 What was Brighton Corp.'s net sales revenue for the fiscal year?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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net sales revenue fore the fiscal year?

For the fiscal year, Brighton Corp. had the following financial data: • Total sales revenue: $9,500,000 • Sales discounts: $120,000 • Sales returns and allowances: $55,000 • Cost of goods sold (COGS): $5,800,000 What was Brighton Corp.'s net sales revenue for the fiscal year?
Transcribed Image Text:For the fiscal year, Brighton Corp. had the following financial data: • Total sales revenue: $9,500,000 • Sales discounts: $120,000 • Sales returns and allowances: $55,000 • Cost of goods sold (COGS): $5,800,000 What was Brighton Corp.'s net sales revenue for the fiscal year?
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