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Financial Information Is Presented Below The Amount of Net Sales on the Income Statement Would

Question 50

Multiple Choice

Financial information is presented below:  Operating Expenses $90,000 Sales Returns and Allowances 18,000 Sales Discounts 12,000 Sales Revenue 320,000 Cost of Goods Sold 174,000\begin{array} { l r } \text { Operating Expenses } & \$ 90,000 \\\text { Sales Returns and Allowances } & 18,000 \\\text { Sales Discounts } & 12,000 \\\text { Sales Revenue } & 320,000 \\\text { Cost of Goods Sold } & 174,000\end{array} The amount of net sales on the income statement would be


A) $290,000.
B) $302,000.
C) $308,000.
D) $320,000.

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