What amount of net sales revenue will multnomah record

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Reference no: EM132491023

Point 1: Multnomah Publishing Co. publishes textbooks for colleges and universities across the U.S. and Canada. Bookstores purchase books with terms f.o.b. shipping point and payment is due 60 days after shipment. The bookstore may return 40% of each order (at the bookstore's expense). Multnomah's experience indicates that the normal return rate is 10%, and the average collection period is 72 days. Multnomah shipped and invoiced $300,000 of books during September 2012. The books were recorded on Multnomah's books for $120,000.

Question 1: Under IFRS, what amount of net sales revenue will Multnomah record for the September 2012 sales?

Option a. $180,000.

Option b. $300,000.

Option c. $120,000.

Option d. $270,000.

Reference no: EM132491023

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