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Question: A company reports the following sales related information: Sales (gross) of $100,000; Sales discounts of $2,000; Sales returns and allowances of $8,000; Sales salaries expense of $5,000. Prepare the net sales portion only of this company's multiple-step income statement(MSIS).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92341753

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