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

Question 101

Multiple Choice

Financial information is presented below:  Operating Expenses $92,800 Sales Returns and Allowances 18,000 Sales Discounts 12,000 Sales Revenue 350,000 Cost of Goods Sold 176,000\begin{array}{lr}\text { Operating Expenses } & \$ 92,800 \\\text { Sales Returns and Allowances } & 18,000 \\\text { Sales Discounts } & 12,000 \\\text { Sales Revenue } & 350,000 \\\text { Cost of Goods Sold } & 176,000\end{array} The amount of net sales on the income statement would be


A) $320000.
B) $332000.
C) $338000.
D) $350000.

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