Question
Referring to the following table, what is the Net income? Sales revenue $460,000 Cost of goods sold 300,000 Operating expenses 85,000 Sales discounts 20,000 Sales
Referring to the following table, what is the Net income?
| Sales revenue | $460,000 |
| Cost of goods sold | 300,000 |
| Operating expenses | 85,000 |
| Sales discounts | 20,000 |
| Sales returns and allowances | 15,000 |
| Interest revenue | 5,000 |
A.
$45,000
B.
$180,000
C.
$60,000
D.
$35,000
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Be Audit You Can Be
Authors: Awesome Auditor
1st Edition
1659095700, 978-1659095708
