USA Revenue - Help

[ItsLuna]

Hi, this is actually my first post! Well second, the first one was removed by the forum admin. I think I posted in the wrong session. I came across this PDF online that has already the answers of the exercises but I was hoping someone could tell me why the correct answer is "D". I'm having a hard time identifying what needs to be included/excluded from the income statement. Please see the attached file.
I really appreciate your help and guidance.

 

[Becky]

The post was removed because you have not attempted the question yourself - it doesn't matter that you have the answer already. Have a try and post what you manage to do. If there is a specific part of the question that you are having difficulty with then explain what it is and what you don't understand about it.

 

[ItsLuna]

The post was removed because you have not attempted the question yourself - it doesn't matter that you have the answer already. Have a try and post what you manage to do. If there is a specific part of the question that you are having difficulty with then explain what it is and what you don't understand about it.

Thanks, administrator.