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

Question 121

Multiple Choice

Financial information is presented below:  Operating expenses $42,000 Sales returns and allowances 12,000 Sales discounts 3,000 Sales revenue 165,000 Cost of goods sold 96,000\begin{array} { l r } \text { Operating expenses } & \$ 42,000 \\\text { Sales returns and allowances } & 12,000 \\\text { Sales discounts } & 3,000 \\\text { Sales revenue } & 165,000 \\\text { Cost of goods sold } & 96,000\end{array} The amount of net sales on the income statement would be


A) $153,000.
B) $150,000.
C) $165,000.
D) $162,000.

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