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Financial information is presented below:________.Operating expenses $ 63000Sales returns and allowances 4000Sales discounts 5000Sales revenue 156000Cost of goods sold 92000The amount of net sales on the
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Financial information is presented below:________.Operating expenses $ 63000Sales returns and allowances 4000Sales discounts 5000Sales revenue 156000Cost of goods sold 92000The amount of net sales on the income statement would be:_________.

User MihZR
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2 votes

Answer: $147,000

Step-by-step explanation:

Net Sales is calculated by deducting the Sales returns and allowances as well as the Sales discounts from Sales revenue.

= Sales revenue - Sales returns and allowances - Sales discounts

= 156,000 - 4,000 - 5,000

= $147,000

User Kamilton
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