From the following details, calculate net sales revenue. Sales revenue == $460,000 Cost of goods sold = $300,000 Operating expenses = $85,000 Sales discounts = $20,000 Sales returns and allowances = $15,000 Interest revenue = $5,000 a. $400,000 b. $415,000 c. $425,000 d. $455,000

From the following details, calculate net sales revenue. Sales revenue == $460,000 Cost of goods sold = $300,000 Operating expenses = $85,000 Sales discounts = $20,000 Sales returns and allowances = $15,000 Interest revenue = $5,000 a. $400,000 b. $415,000 c. $425,000 d. $455,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Accounting

From the following details, calculate net sales revenue.
Sales revenue == $460,000
Cost of goods sold = $300,000
Operating expenses = $85,000
Sales discounts = $20,000
Sales returns and allowances = $15,000
Interest revenue = $5,000
a. $400,000
b. $415,000
c. $425,000
d. $455,000

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