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AICPA Exam CPA-Financial Topic 2 Question 44 Discussion
Actual exam question for
AICPA's
CPA-Financial exam
Question #: 44
Topic #: 2
[All CPA-Financial Questions]
Topic #: 2
In Baer Food Co.'s 1990 single-step income statement, the section titled "Revenues" consisted of the following:
In the revenues section of its 1990 income statement, Baer Food should have reported total revenues of:
Suggested Answer:
D
Choice 'd' is correct. $201,900.
The various amounts from discontinued operations should be included in discontinued operations, not in revenues.
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