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riadik2000 [5.3K]
3 years ago
6

Financial information is presented below:________.Operating expenses $ 63000Sales returns and allowances 4000Sales discounts 500

0Sales revenue 156000Cost of goods sold 92000The amount of net sales on the income statement would be:_________.
Business
1 answer:
serious [3.7K]3 years ago
5 0

Answer: $147,000

Explanation:

Net Sales is calculated by deducting the Sales returns and allowances as well as the Sales discounts from Sales revenue.

= Sales revenue - Sales returns and allowances - Sales discounts

= 156,000 - 4,000 - 5,000

= $147,000

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