Most companies report sales revenue,sales returns and allowances,and sales discounts,as well as net sales on their externally reported income statements.

Name: Most companies report sales revenue,sales returns and allowances,and sales discounts,as well as net sales on their externally reported income statements.
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Question

Quizplus · Accepted Answer

Externally reported income statements typically begin with net sales.Sales revenue,sales returns and allowances,and sales discounts would be disclosed on internal reports.

Most Companies Report Sales Revenue,sales Returns and Allowances,and Sales Discounts,as