Multiple Choice
Which of the following is a TRUE statement about sales?
A) Net revenue is gross revenue plus sales discounts less sales returns and allowances.
B) Sales discounts are offered to customers in order to speed up cash flow.
C) Sales returns and allowances increase a company's profit.
D) Retailers do not generally record sales returns and allowances in a separate account.
Correct Answer:
Verified
Correct Answer:
Verified
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