Financial Information Is Presented Below The Amount of Net Sales on the Income Statement Would

question 207

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 45,000 \\\text { Sales returns and allowances } & 3,000 \\\text { Sales discounts } & 7,000 \\\text { Sales revenue } & 160,000 \\\text { Cost of goods sold } & 96,000\end{array}$$ The amount of net sales on the income statement would be

• A)$153,000.
• B)$150,000.
• C)$160,000.
• D)$157,000.

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