Kings Has a 40% Joint Operation Interest in Fisher

question 55

Multiple Choice

Kings has a 40% joint operation interest in Fisher.Based on the following information,what amount will be presented for "revenues" on Kings' proportionately consolidated income statement?

• A)$1,000
• B)$1,800
• C)$2,000
• D)$3,000

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Definitions:

Interest Payable

The amount of interest expense that has been incurred but not yet paid by a company during a specific period.