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

question 121

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 42,000 \\\text { Sales returns and allowances } & 12,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 165,000 \\\text { Cost of goods sold } & 96,000\end{array}$$ The amount of net sales on the income statement would be

• A)$153,000.
• B)$150,000.
• C)$165,000.
• D)$162,000.

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Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities such as thinking, reasoning, and understanding over the course of a human life.

Experiment

A carefully regulated procedure in which the researcher manipulates one or more variables that are believed to influence some other variable.

Nativist Approaches

Theories suggesting that much of human knowledge and capacity is innate and genetically programmed, emphasizing the role of biology in development.

Cognitive Development

The process by which individuals acquire and develop thinking skills, from perceiving and learning to speaking and reasoning, throughout the lifespan.