CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

In multi-step income statement, sales discount is presented in the ______.
A. sales or revenue section
B. cost of goods sold section
C. general/selling expense section
Correct Answer: A

User Contributed Comments 3

User Comment
viannie It's Net revenue or sales therefore we take sales discount into consideration on sales / revenue section
ndachie I agree
FinanAhmad thanks viannie for explanation
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