(1) Company X reported net income of $30000 in the income statement of year2023. The following information was reported in that income statement:Rent revenueGain on sale of car used in operationOperating ExpensesCost of goods soldWhat was the net sales revenue for 2023?$1.000$2000$39000$20000

The net sales revenue is calculated by subtracting the Cost of Goods Sold (COGS) from the total…

(1) Company X reported net income of $30000 in the income statement of year 2023. The following information was reported in that income statement: Rent revenue $1.000 Gain on sale of car used in operation $2000 Operating Expenses $39000 Cost of goods sold $20000 What was the net sales revenue for 2023?

(1) Company X reported net income of $30000 in the income statement of year 2023. The following information was reported in that income statement: Rent revenue $1.000 Gain on sale of car used in operation $2000 Operating Expenses $39000 Cost of goods sold $20000 What was the net sales revenue for 2023?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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