30-Amjad Trading LLC:Gross Sales are RO 82,000, Sales Returns RO 2,000, Cost of goods sold is RO 30,000, Total Operating expenses are RO 30,000. Bank interest received RO 1000. The value of Total revenue under simple step income statement is: a. 83,000 b. 50,000 C. 21,000

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.2BE: Vertical analysis Income statement information for Einsworth Corporation follows: Sales 1,200,000...
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30-Amjad Trading LLC: Gross Sales are RO 82,000, Sales Returns RO 2,000, Cost of goods sold is RO 30,000,
Total Operating expenses are RO 30,000. Bank interest received RO 1000. The value of Total revenue under
simple step income statement is:
a.
83,000
b.
50,000
C.
21,000
d.
81,000
Transcribed Image Text:30-Amjad Trading LLC: Gross Sales are RO 82,000, Sales Returns RO 2,000, Cost of goods sold is RO 30,000, Total Operating expenses are RO 30,000. Bank interest received RO 1000. The value of Total revenue under simple step income statement is: a. 83,000 b. 50,000 C. 21,000 d. 81,000
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