Homework Answers
Answer: Option D $125000
Explanation:
Total Revenue from Adele Inc = $ 700,000
Total Revenue from Rihana Ann Dress= $75,000
Total Revenue from Continuining operations = $(700,000 - 75000) = $625,000
Total Expenses from Adele Inc = $ 600,000
Total Expenses from Rihana Ann Dress= $100,000
Total Expenses from Continuining operations = $(600,000 - 100,000) = $500,000
Income to report= $625000 - $500,000 = $125000
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QUESTION 24 Adele Inc. operates two major business segments: Adele Fashions (a women's wear manufacturing division)...
Blackboard Ā Remaining Time: 2 hours, 25 minutes, 52 seconds. Question completion Status: Which of the...
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Income Statement
For the Year Ended December 31, 2019 (000s)
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680
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Income Statement
For the Year Ended December 31, 2019 (000s)
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Income Statement
For the Year Ended December 31, 2019 (000s)
Revenues
$
1,260
Operating costs
610
Operating income
$
650
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