Two items are omitted in each of the following four lists of income statement data. Determine the
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Sales Sales returns and allowances Sales discounts Net sales Cost of merchandise sold Gross profit $400,000$500,000 $1,000,000 (g) 15,000 8,000 30,500 37,000 20,000 350,000 40,000 910,000 540,000 150,000 285,000 200,000 286,500
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Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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