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

question 245

Multiple Choice

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 35,000 \\\text { Sales returns and allowances } & 12,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 140,000 \\\text { Cost of goods sold } & 85,000\end{array}$$ The amount of net sales on the income statement would be

• A) $128,000.
• B) $125,000.
• C) $140,000.
• D) $137,000.

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Definitions:

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