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

question 58

Multiple Choice

Financial information is presented below.
$\begin{array} { l r } \text { Operating Expenses } & € 90,000 \\ \text { Sales Returns and Allowances } & 26,000 \\ \text { Sales Discounts } & 12,000 \\ \text { Sales } & 320,000 \\ \text { Cost of Goods Sold } & 154,000 \end{array}$
The amount of net sales on the income statement would be

• A) \(€ 308,000\)
• B) \(€ 282,000\).
• C) \(€ 320,000\).
• D) \(€ 332,000\)

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