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    Fundamentals of Financial Accounting Study Set 5
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    Exam 3: Reporting Operating Results on the Income Statement
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    The Income Statement for the Year Ended December 31, 2011
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The Income Statement for the Year Ended December 31, 2011

Question 76

Question 76

Multiple Choice

The Income Statement for the year ended December 31, 2011 will show


A) total Revenue of $57,500.
B) total Expenses of $39,000.
C) total Revenue of $55,000.
D) total Expenses of $50,000.

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