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    Financial Accounting Tools Study Set 2
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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    When Goods from a Cash Sale Are Returned, the Effect
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When Goods from a Cash Sale Are Returned, the Effect

Question 68

Question 68

Multiple Choice

When goods from a cash sale are returned, the effect on the seller's accounts will be


A) an increase in net sales.
B) a decrease in gross sales.
C) an increase in gross sales.
D) a decrease in net sales.

Correct Answer:

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