From the following details, calculate net sales revenue. Sales Revenue Sales Discounts Forfeited Cost of Goods...

Question

Question

Answer 1

Answer #1

Sales revenue = $400,000

Sales discount forfeited = $4,000

Interest revenue = $7,000

Net sales revenue = Sales revenue

= $400,000

Correct option is (C)

Sales discount forfeited and interest revenue are other revenue to be reported on the income statement.

Answer 2

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