The sales revenue section of an income statement for a retailer would not include
A) Sales discounts.
B) Sales revenue.
C) Net sales.
D) Cost of goods sold.

Question

Quizplus · Accepted Answer

The sales revenue section of an income statement includes sales revenue, net sales, and sales discounts. Cost of goods sold is a separate section of the income statement that represents the cost of purchasing and producing the products that were sold.

The Sales Revenue Section of an Income Statement for a Retailer