Financial information is presented below: Operating expenses $ 35,000 Sales returns and allowances 12,000 Sales discounts...
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Financial information is presented below: Operating expenses $ 35,000 Sales returns and allowances 12,000 Sales discounts 3,000 Sales revenue 140,000 Cost of goods sold 85,000 The amount of net sales on the income statement would be $125,000. $5,000. $40,000 $128,000. Financial information is presented below: Operating expenses $ 35,000 Sales returns and allowances 12,000 Sales discounts 3,000 Sales revenue 140,000 Cost of goods sold 85,000 The amount of net sales on the income statement would be $125,000. $5,000. $40,000 $128,000.
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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