A company reports the following sales related information: Sales (gross) of $200,000; Sales discounts of $4,000; Sales
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A company reports the following sales related information: Sales (gross) of $200,000; Sales discounts of $4,000; Sales returns and allowances of $16,000; Sales salaries expense of $10,000. Prepare the net sales portion only of this company’s multiple- step income statement.
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Related Book For 
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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