The management accountant for Giada's Book Store has prepared the following income statement for the most current year:

If the travel book line had been discontinued, corporate profits for the current year would have decreased by ________.
A) $97,000
B) $72,000
C) $68,000
D) $58,000

Question

The management accountant for Giada's Book Store has prepared the following income statement for the most current year:

If the travel book line had been discontinued, corporate profits for the current year would have decreased by ________.
A) $97,000 
B) $72,000 
C) $68,000 
D) $58,000

Quizplus · Accepted Answer

$164,000 - $67,000 - $25,000 - $4,000 = $68,000

The Management Accountant for Giada's Book Store Has Prepared the Following