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Sales $ 450000 ; Sales returns $ 50000 ; cost of goods sold $ 200000 Determine the values of Net sales and Gross profit with two serial numbers independent.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sales $ 450000 ; Sales returns $ 50000 ; cost of goods sold $ 200000
Determine the values of Net sales and Gross profit with two serial numbers independent.

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