Financial information is presented below: Operating expenses$51000Sales returns and allowances5000Sales discounts8000Sales revenue204000Cost of goods sold106000The amount of net sales on the income statement would be$199000. $196000.$204000.$191000.

Financial information is presented below: Operating expenses$51000Sales returns and allowances5000Sales discounts8000Sales revenue204000Cost of goods sold106000The amount of net sales on the income statement would be$199000. $196000.$204000.$191000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Financial information is presented below:Operating expenses$51000Sales returns and allowances5000Sales discounts8000Sales revenue204000Cost of goods
sold106000The amount of net sales on the income statement would be$199000.$196000.$204000. $191000.

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