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In Baer Food Co.s 2016 single-step income statement, the section titled Revenues consisted of the following: Net sales revenue $ 187,000 Income on discontinued operations,
In Baer Food Co.s 2016 single-step income statement, the section titled Revenues consisted of the following: |
Net sales revenue | $ | 187,000 |
Income on discontinued operations, including gain on disposal of $21,000, and tax expense of $6,000 | 13,500 | |
Interest revenue | 10,200 | |
Gain on sale of equipment | 4,700 | |
Total revenues | $ | 215,400 |
In the revenues section of the 2016 income statement, Baer Food should have reported total revenues of |
1. $201,900
2. $203,700
3. $215,400
4. $216,300
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