Problem

An excerpt from the Consolidated Statements of Earnings for The Home Depot, Inc., is prese...

An excerpt from the Consolidated Statements of Earnings for The Home Depot, Inc., is presented below. Review the financial data and answer the following analysis questions:

Analyze:

The Home Depot, Inc.’s statement reports one figure for net sales. Name one account whose balance may have been deducted from the Sales account balance to determine a net sales amount.

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