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

Question

Quizplus · Accepted Answer

The sales revenue section of an income statement for a retailer would include sales, net sales, and sales discounts. However, it would not include cost of goods sold, which is considered an expense and is subtracted from the sales revenue to calculate the gross profit.

The Sales Revenue Section of an Income Statement for a Retailer