3. If a company has more than one revenue source, how would it reports revenue and cost of goods sold? * A) Each revenue source should be reported separately, but all cost of goods sold should be added together and reported as a single amount. B) The revenues and cost of goods sold should be netted together and reported as a single line item. C) All revenue sources should be added together and shown as one line item and all cost of goods sold should be added together and shown as one line item. D) Each revenue line should be shown separately with a corresponding cost of goods sold line for each revenue source. E) None of the above.

3. If a company has more than one revenue source, how would it reports revenue and cost of goods sold? * A) Each revenue source should be reported separately, but all cost of goods sold should be added together and reported as a single amount. B) The revenues and cost of goods sold should be netted together and reported as a single line item. C) All revenue sources should be added together and shown as one line item and all cost of goods sold should be added together and shown as one line item. D) Each revenue line should be shown separately with a corresponding cost of goods sold line for each revenue source. E) None of the above.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 3RE: Given the following information, convert Cardinal Companys cost of goods sold from its income...

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Question

nem is expressed as a percentage of cash flow.
E) None of the above.
3. If a company has more than one revenue source, how would it reports revenue
and cost of goods sold? *
A) Each revenue source should be reported separately, but all cost of goods sold
should be added together and reported as a single amount.
B) The revenues and cost of goods sold should be netted together and reported as a
single line item.
C) All revenue sources should be added together and shown as one line item and all
cost of goods sold should be added together and shown as one line item.
D) Each revenue line should be shown separately with a corresponding cost of goods
sold line for each revenue source.
E) None of the above.
4. Which of the following income statement items are included in "Selling and
administrative expenses"?

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266. Subject : - Accounting
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