KWhich of the following is true of net sales revenue?OA It is calculated by adding sales discounts and sales retums and allowances to salesOB. It is calculated by deducting sales discounts and sales retums and allowances from salesOC. It is calculated by adding sales discounts to salesOD. It is calculated by subtracting cost of goods sold from salesMacBook Pro

Sales Discount :— It is the reduction in the price of product delivered or service provided which is…

Which of the following is true of net sales revenue? OA is calculated by adding sales discounts and sales retu OB It is calculated by deducting sales discounts and sales retu OC. It is calculated by adding sales discounts to sales OD. It is calculated by subtracting cost of goods sold from sa

Which of the following is true of net sales revenue? OA is calculated by adding sales discounts and sales retu OB It is calculated by deducting sales discounts and sales retu OC. It is calculated by adding sales discounts to sales OD. It is calculated by subtracting cost of goods sold from sa

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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K
Which of the following is true of net sales revenue?
OA It is calculated by adding sales discounts and sales retums and allowances to sales
OB. It is calculated by deducting sales discounts and sales retums and allowances from sales
OC. It is calculated by adding sales discounts to sales
OD. It is calculated by subtracting cost of goods sold from sales
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