How are sales reported on the income statement? a. Sales are ...

[Kthamas]

How are sales reported on the income statement?
 
  a. Sales are shown for three years net of returns and allowances.
  b. Sales amounts are inflation-adjusted.
  c. Sales are shown for two years and are reported in nominal terms.
  d. Sales are shown at gross amounts, adjusted for inflation.

Question 2

On a bank statement, an NSF check is usually listed as a debit memorandum.
 a. True
   b. False
   Indicate whether the statement is true or false

[bubulittle310@msn.cn]

Answer to Question 1

a

Answer to Question 2

True

[Kthamas]

Excellent

[dawsa925]

TYSM