AICPA Exam CPA-Financial Topic 2 Question 44 Discussion

Actual exam question for AICPA's CPA-Financial exam

Question #: 44
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:

A$216,300

B$215,400

C$203,700

D$201,900

Show Suggested Answer

Suggested Answer: D

Choice 'd' is correct. $201,900.

The various amounts from discontinued operations should be included in discontinued operations, not in revenues.

by Adelina at May 05, 2022, 06:04 PM

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