Net purchases + purchases returns and allowances + purchase discount equals ____

User Generated

Qnja46550

Business Finance

Description

Net purchases + purchases returns and allowances + purchase discount equals __________.

A. net loss

B. net income

C. gross profit

D. gross purchases

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Net purchases + purchases returns and allowances + purchase discount equals 

gross profit


Anonymous
Excellent resource! Really helped me get the gist of things.

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