Which of the following statements is true?
A) Trade discounts and sales returns and allowances are listed on the income statement as deductions from gross sales.
B) Reports to shareholders often omit the details of revenue and show only net revenue.
C) Cash Discounts on Sales are listed on the income statement as an expense of doing business.
D) "Turnover" is commonly used in the United States to refer to net sales revenue.
E) Cash discounts must appear on cash flow statements.
B
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When one unit charges another unit in the same company for goods it ships to its foreign subsidiaries, the charge is called a(n) ________ price
A) original B) transfer C) margin D) break-even E) customer value
People who cannot take food or safety for granted tend to have authoritarian tendencies, and believe that men make better political leaders than women
Indicate whether the statement is true or false.