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egoroff_w [7]
3 years ago
6

Financial information is presented below: Operating Expenses $ 91100 Sales Returns and Allowances 17000 Sales Discounts 12400 Sa

les Revenue 320100 Cost of Goods Sold 174200 The amount of net sales on the income statement would be
Business
1 answer:
ira [324]3 years ago
8 0

Answer:

$290,700

Explanation:

The amount of net sales on the income statement is computed as shown below;

Net sales = Sales revenue - Sales discount - Sales return and allowance

Net sales = $320,100 - $12,400 - $17,000

Net sales = $290,700

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