Financial information is presented below: Operating Expenses $91500 Sales Returns and 18900 Allowances Sales Discounts 11300 Sales Revenue 320600 Cost of Goods Sold 173700 The amount of net sales on the income statement would be

Financial information is presented below: Operating Expenses $91500 Sales Returns and 18900 Allowances Sales Discounts 11300 Sales Revenue 320600 Cost of Goods Sold 173700 The amount of net sales on the income statement would be

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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Question

Financial information is presented below:
Operating Expenses
$91500
Sales Returns and
18900
Allowances
Sales Discounts
11300
Sales Revenue
320600
Cost of Goods Sold
173700
The amount of net sales on the income statement would be
$320600.
$290400.
O $301700.
O $309300.

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