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1 October, 22:06

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

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  1. 2 October, 01:28
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    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
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