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The Abacus Company had the following activity and balances for the year ended 2014: Sales Revenue [____________] Selling Expenses $665,000 General and Administrative Expenses 400,000
The Abacus Company had the following activity and balances for the year ended 2014:
Sales Revenue | [____________] |
Selling Expenses | $665,000 |
General and Administrative Expenses | 400,000 |
Cost of Goods Sold | 900,000 |
Net Income | 1,535,000 |
Current Assets | 12,000,000 |
Long Term Assets | 34,000,000 |
Current Liabilities | [_________] |
Long Term Liabilities | 14,000,000 |
Owners Equity | 25,000,000 |
What is sales revenue?
Select one:
a. $2,170,000
b. $3,265,000
c. $4,165,000
d. $3,500,000
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