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What would Ortiz report as total revenues in a single-step income statement? in comO I - arcount for a long-term investment MULTIPLE CHOICE-CPA 70. Ortiz
What would Ortiz report as total revenues in a single-step income statement?
in comO I - arcount for a long-term investment MULTIPLE CHOICE-CPA 70. Ortiz Co. had the following account balances: $120,000 000D+ opo Sales Cost of goods sold Salary expense Depreciation expense Dividend revenue Utilities expense Rental revenue Interest expense Sales returns Advertising expense 60,000 10,000 20,000 4,000 8,000 20,000 12,000 11,000 13,000 14,000 What would Ortiz report as total revenues in a single-step income statement? a. $133,000 b. 10,000 c. $144,000 d. $120,000 Step by Step Solution
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