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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
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Choice 'd' is correct. $201,900.
The various amounts from discontinued operations should be included in discontinued operations, not in revenues.
28 comments · newest first
VA
Val
7 months ago
D) $201,900 seems too low. I doubt it.
KR
Kristal
7 months ago
I lean towards C) $203,700. Just a gut feeling.
AS
Ashlyn
8 months ago
I feel unsure. Maybe B) $215,400?
TI
Tiffiny
8 months ago
Wait, how did they even get those numbers? Sounds fishy!
HE
Herminia
8 months ago
I’m leaning towards $201,900. Feels right to me.
JA
Jarvis
8 months ago
Hmm, I’m not so sure about that $203,700 option. Seems low.
LE
Leonida
8 months ago
Definitely $216,300! Can't believe anyone would choose otherwise.
SY
Sylvia
8 months ago
Option B is the clear winner here. I could eat a whole income statement of Baer Food's delicious products!
WI
Willodean
9 months ago
This is a tricky one, but I think option B is the way to go. Gotta love those food company income statements!
SH
Shawna
9 months ago
Definitely option B. The numbers add up perfectly!
FE
Felice
9 months ago
Hmm, I'm not sure about this one. I'll have to double-check the numbers to be sure.
LY
Lyndia
9 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.
BA
Barbra
9 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.
JO
Jolanda
9 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.
AA
Aaron
10 months ago
I think the total revenues were $215,400.
DI
Diane
10 months ago
I think it's A) $216,300. Looks right to me.
TA
Tarra
10 months ago
Option B looks right to me. I'm pretty sure the total revenues should be $215,400.
CO
Cordelia
11 months ago
I remember we practiced a similar question about calculating total revenues, but I can't recall the exact formula we used.
BU
Buddy
11 months ago
I feel confident I can solve this by adding up the revenue components. Just need to double-check my work.
DO
Dortha
11 months ago
I'm a bit confused by the format of the income statement. I'll need to re-read the question closely.
PA
Paris
11 months ago
Okay, let me think this through step-by-step. I've got this.
VA
Valda
11 months ago
Hmm, I'm a little unsure about how to approach this. I'll need to carefully go through the numbers.
SH
Shantay
12 months ago
This looks straightforward, I think I can handle this one.
DA
Danica
6 months ago
I feel confident about A) as well!
WI
Wilbert
6 months ago
D) $201,900 could be a trick option.
TA
Tayna
7 months ago
C) $203,700 seems reasonable too.
GA
Galen
10 months ago
I think it’s B) $215,400.
DE
Devora
10 months ago
I’m leaning towards A) $216,300.