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30 September, 07:54

Austin sound sold inventory for $ 300,000, terms 2 /10, n/30. cost of goods sold was $152,000. how much sales revenue will austin sound report from the sale

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  1. 30 September, 11:53
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    The correct answer is $300,000.

    The company will report the actual amount of the sale - $300,000. The cost of goods sold is subtracted from the net sales on the income statement at the end of the fiscal period.
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