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Debora [2.8K]
3 years ago
7

Financial information is presented below: Operating expenses $ 45,000 Sales returns and allowances 4,000 Sales discounts 6,000 S

ales revenue 160,000 Cost of goods sold 90,000 The amount of net sales on the income statement would be:
Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

$150,000

Explanation:

To calculate the net sales,

Sales Revenue

$160,000

Sales discount ($6,000)

Sales returns and allowances ($4,000)

Net sales $150,000

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