Ortiz Co. had the following account balances: Sales revenue $ 440,000 Cost of goods sold 220,000 Salaries and wages expense 30,000 Depreciation expense 60,000 prete Dividend revenue 12,000 Utilities expense 24,000 Rent revenue 60,000 Interest expense 36,000 Sales returns and allow 33,000 Advertising expense 39,000 What would Ortiz report as total revenues in a single-step income statement O $479,000 O $70,000 ai privolo O $472,000 senegro piev O $440,000 sansaxs oti el Tu droit 10 11. For Mortenson Company, the following information is available: Cost of goods sold $390,0000 Dividend revenue 15,000 Income tax expense 36,000 Operating expenses 138,000 Sales revenue 600,000 In Mortenson's single-step income statement, gross profit should not be reported. O $ should be reported at $51,000. should be reported at $210,000. O should be reported at $225,000. Senise 19. Answer: State the primary category of prior period adjustments and indicate how they are reported in the financial statements. Tu respuesta Enviar