Multiple Choice
Gross billings for merchandise sold by Otto Company to its customers last year amounted to $15,720,000; sales returns and allowances were $370,000, sales discounts were $175,000, and freight-out was $140,000.Net sales last year for Otto Company were
A) $15,720,000.
B) $15,350,000.
C) $15,175,000.
D) $15,035,000.
Correct Answer:
Verified
Correct Answer:
Verified
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