In dart co.'s year two single-step income statement, as prepared by dart's controller, the section titled "revenues" consisted of the following: sales $250,000purchase discounts 3,000recovery of accounts written off 10,000total revenues $263,000in its year two single-step income statement, what amount should dart report as total revenues? a. $250,000b. $253,000c. $260,000d. $263,000

$250,000

Explanation:

The purchase discount will change the value of net purchases and thus, ending invenotry and cost of goods sold not revenues.

The recovery of accounts written off comes from a previous sales which alter the allowance for doubtful account and bad debt expense but this do not alter the revenues for the period.

Only sales of the period represent revenues.

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

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