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Raven Company Had the Following Account Balances Sales Revenue, $100,000;

Question 32

Multiple Choice

Raven Company had the following account balances Sales Revenue, $100,000; Sales Returns and Allowances, $2,400; Sales Discounts, 2,400; and Bad Debts, $400. Given these balances, the amount of net sales is


A) $100,000
B) $98,000
C) $95,600
D) $95,200

Correct Answer:

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