If a company has total revenues of $100,000,sales discounts of $3,000,sales returns of $4,000,and sales allowances of $2,000,the income statement will report net revenues of $91,000.

Question

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Net revenues are calculated by subtracting sales discounts, returns, and allowances from total revenues: $100,000 - $3,000 - $4,000 - $2,000 = $91,000.

If a Company Has Total Revenues of $100,000,sales Discounts of $3,000,sales