Ask Question
4 September, 23:54

In Baer Food Co.'s Year 3 single-step income statement, the section titled Revenues consisted of the following: Net sales revenue $187,000 Discontinued operations: Income from operations of component unit (including gain on disposal of $21,600) 18,000 Income tax (6,000) Interest revenue 10,200 Gain on sale of equipment 4,700 Total revenues $213,900 In the revenues section of the Year 3 income statement, Baer Food should have reported total revenues of

+4
Answers (1)
  1. 5 September, 03:43
    0
    Total revenue will be equal to $201900

    Explanation:

    We have given net sales revenue = $187000

    Interest revenue = $10200

    Gain on sale equipment = $4700

    We have to find the to total revenue

    Total revenue is given by

    Total revenue = net sales revenue + interest revenue + gain on sdale equipment = $187000+$10200+$4700 = $201900

    So total revenue will be equal to $201900
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In Baer Food Co.'s Year 3 single-step income statement, the section titled Revenues consisted of the following: Net sales revenue $187,000 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers