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

Name: 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
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

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

Quizplus · Accepted Answer

B)1,000 + (40% × 2000)= 1,800

Kings Has a 40% Joint Operation Interest in Fisher