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AICPA CPA-Financial Exam - Topic 2 Question 44 Discussion

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:
D) $201,900
A) $216,300
B) $215,400
C) $203,700

AICPA CPA-Financial Exam - Topic 2 Question 44 Discussion

Actual exam question for AICPA's CPA-Financial exam
Question #: 44
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:

Show Suggested Answer Hide 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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Reynalda
8 months ago
I thought it was $203,700, but I could be wrong.
upvoted 0 times
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Izetta
9 months ago
Wait, are we sure about these numbers? Seems off.
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Dortha
9 months ago
Definitely leaning towards option A!
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Casie
9 months ago
I think it's actually $215,400.
upvoted 0 times
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Broderick
9 months ago
Total revenues should be $216,300.
upvoted 0 times
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Tommy
9 months 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.
upvoted 0 times
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Ivan
9 months 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.
upvoted 0 times
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Willow
10 months ago
This seems like a tricky one. I'll need to think through the different controls and how they might have failed here.
upvoted 0 times
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