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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 47
An excerpt from the Consolidated Statements of Earnings for The Home Depot, Inc., is presented below. Review the financial data and answer the following analysis questions:
The Home Depot, Inc.'s statement reports one figure for net sales. Name one account whose balance may have been deducted from the Sales account balance to determine a net sales amount.
The Home Depot, Inc.'s statement reports one figure for net sales. Name one account whose balance may have been deducted from the Sales account balance to determine a net sales amount.
Explanation
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Income statement:
Identify the account ...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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