Prig Company had sales sales discounts $820,000 $12,300 sales returns and allowances $18,450 cost of goods sold $389,500 operating expenses $282,080 Their net income equals a. $117,670 b. $179,170 c. $143,420 d. $789,250 e. $399,750

Prig Company had sales sales discounts $820,000 $12,300 sales returns and allowances $18,450 cost of goods sold $389,500 operating expenses $282,080 Their net income equals a. $117,670 b. $179,170 c. $143,420 d. $789,250 e. $399,750

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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Question

Please provide correct answer the accounting question

Prig Company had
sales
sales discounts
$820,000
$12,300
sales returns and allowances $18,450
cost of goods sold $389,500
operating expenses $282,080
Their net income equals
a. $117,670
b. $179,170
c. $143,420
d. $789,250
e. $399,750

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