AICPA CPA-Financial Exam - 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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Ashlyn

9 hours ago

I feel unsure. Maybe B) $215,400?

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Tiffiny

6 days ago

Wait, how did they even get those numbers? Sounds fishy!

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Herminia

11 days ago

I’m leaning towards $201,900. Feels right to me.

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Jarvis

16 days ago

Hmm, I’m not so sure about that $203,700 option. Seems low.

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Leonida

21 days ago

Definitely $216,300! Can't believe anyone would choose otherwise.

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Sylvia

26 days ago

Option B is the clear winner here. I could eat a whole income statement of Baer Food's delicious products!

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Willodean

1 month ago

This is a tricky one, but I think option B is the way to go. Gotta love those food company income statements!

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Shawna

1 month ago

Definitely option B. The numbers add up perfectly!

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Felice

1 month ago

Hmm, I'm not sure about this one. I'll have to double-check the numbers to be sure.

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Lyndia

2 months ago

I vaguely remember that we had a question where we had to adjust for returns, so I’m leaning towards C) $203,700, but I’m not completely confident.

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Barbra

2 months ago

I feel like the answer might be B) $215,400, but I need to double-check how we accounted for discounts and returns in class.

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Jolanda

2 months ago

I think the total revenues should include both sales and any other income, but I'm not sure if I counted all the components correctly.

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Aaron

2 months ago

I think the total revenues were $215,400.

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Diane

3 months ago

I think it's A) $216,300. Looks right to me.

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Tarra

3 months ago

Option B looks right to me. I'm pretty sure the total revenues should be $215,400.

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Cordelia

3 months ago

I remember we practiced a similar question about calculating total revenues, but I can't recall the exact formula we used.

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Buddy

3 months ago

I feel confident I can solve this by adding up the revenue components. Just need to double-check my work.

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Dortha

4 months ago

I'm a bit confused by the format of the income statement. I'll need to re-read the question closely.

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Paris

4 months ago

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

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Valda

4 months 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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Shantay

4 months ago

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

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Galen

2 months ago

I think it’s B) $215,400.

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Devora

2 months ago

I’m leaning towards A) $216,300.

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