AICPA Exam CPA-Financial Topic 2 Question 118 Discussion

Actual exam question for AICPA's CPA-Financial exam

Question #: 118
Topic #: 2

[All CPA-Financial Questions]

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 Darrel at Oct 27, 2025, 04:52 PM

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3 days ago

Okay, let me think this through step-by-step. I've got this.

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9 days ago

Hmm, I'm a little unsure about how to approach this. I'll need to carefully go through the numbers.

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14 days ago

This looks straightforward, I think I can handle this one.

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