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Toyota Corporation had sales of $278,000, sales discounts of $6,400, and sales returns of $8,200. Toyota Corporation's net sales equal: A. $292,600 B. $278,000 C. $263,400 D. $14,600

Toyota Corporation had sales of $278,000, sales discounts of $6,400, and sales returns of $8,200. Toyota Corporation's net sales equal: A. $292,600 B. $278,000 C. $263,400 D. $14,600

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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Toyota Corporation had sales of $278,000, sales discounts of $6,400, and sales returns of $8,200. Toyota Corporation's net sales equal: A. $292,600 B. $278,000 C. $263,400 D. $14,600
Transcribed Image Text:Toyota Corporation had sales of $278,000, sales discounts of $6,400, and sales returns of $8,200. Toyota Corporation's net sales equal: A. $292,600 B. $278,000 C. $263,400 D. $14,600
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