Boynton Jewelers Reported the Following Amounts at the End of the Year

question 26

Multiple Choice

Boynton Jewelers reported the following amounts at the end of the year: total sales = $550,000;sales discounts = $12,000;sales returns = $44,000;sales allowances = $17,000.What was the company's net revenues for the year?

• A)$489,000.
• B)$485,000.
• C)$477,000.
• D)$499,000.

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