How Should Companies with More Than One Revenue Source Report

question 46

Multiple Choice

How should companies with more than one revenue source report 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.

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