A company had the following information taken from various accounts at the end of the...

50.1K

Verified Solution

Question

Accounting

A company had the following information taken from various accounts at the end of the year:
Sales returns $ 41,000
Deferred revenues $ 32,000
Total revenues $ 459,000
Cost of Goods Sold $ 175,000
Sales allowances $ 35,000
Accounts receivable $ 205,000
What was the company's net revenues for the year?
A) $415,000.
B) $418,000.
C) $383,000.
D) $351,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students