On a firm's income statement, net sales consists of ________. ...

[jman1234]

On a firm's income statement, net sales consists of ________.
 
  A) operating expenses minus cost of sales
  B) total sales minus allowances for returned goods and discounts
  C) cost of sales minus allowances for returned goods and discounts
  D) cost of sales minus operating expenses
  E) total sales minus operating expenses

Question 2

Value-driven businesses focus on minimizing costs wherever possible.
 
  Indicate whether the statement is true or false

[asdfasdf]

Answer to Question 1

B

Answer to Question 2

FALSE