Ryerson Co. provides goods and services to customers during the year totaling $100,000. Also during the year, customers are granted discounts, returns, and allowance of $20,000. At the end of the year, Ryerson estimates that an additional $5,000 in discounts, returns, and allowances will occur next year as a result of sales transactions this year. What is the amount of net revenues Ryerson will report in its current-year income statement?

$75,000

Explanation:

Matching Concept Requires that the Expense  should be recorded in the same period in which it;s corresponding income is recorded.

The $5,000  Discount is related to the current years revenue which is estimated to be given in the coming year. So, this discount should be recorded in the current period.

Net revenue

Revenue for the period                                            $100,000

Less: Granted discounts, returns, and allowance  $20,000

Less: Estimated Discount given in next year         $5,000  

Net Revenue                                                            $75,000

the answer is b for dog