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Business, 28.01.2020 21:41 gaberamos973

The following information pertains to eagle co.'s year 5 sales: cash sales gross $ 80,000 returns and allowances 4,000 credit sales gross 120,000 discounts 6,000 on january 1, year 5, customers owed eagle $40,000. on december 31, year 5, customers owed eagle $30,000. eagle uses the direct write-off method for bad debts. no bad debts were recorded in year 5. under the cash basis of accounting, what amount of net revenue should eagle report for year 5?

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The following information pertains to eagle co.'s year 5 sales: cash sales gross $ 80,000 returns a...
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