Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

AICPA CPA-Financial Exam - Topic 2 Question 44 Discussion

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

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.


Get Premium CPA-Financial Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test
8 comments · newest first
RE
Reynalda 11 months ago
I thought it was $203,700, but I could be wrong.
IZ
Izetta 12 months ago
Wait, are we sure about these numbers? Seems off.
DO
Dortha 12 months ago
Definitely leaning towards option A!
CA
Casie 12 months ago
I think it's actually $215,400.
BR
Broderick 1 year ago
Total revenues should be $216,300.
TO
Tommy 1 year ago
Hmm, I'm a bit unsure about this one. The question mentions minimizing costs and migration effort, but there are a few different cloud database options presented. I'll need to research the pros and cons of each to determine the best fit.
IV
Ivan 1 year ago
Wait, I'm a little confused. Let me re-read the question and the options to make sure I understand what I need to do.
WI
Willow 1 year ago
This seems like a tricky one. I'll need to think through the different controls and how they might have failed here.
0/2000 characters

Save Cancel