Question

For taxable year 2014, the company's sixth year of operations, the record of Mega Specialties Corp., a domestic corporation, show the following: Gross Sales - P2,463,500; Sales returns and allowances - P27,500; Sales Discounts - P42,750; Cost of Goods Manufactured and Sold - P1,313,600; Operating Expenses. Compute the Net Sales and gross income​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

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Explanation:

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