Question: I know the answer is A but why? work please Sovereign Foods suttered a $1,500,000 loss when the FDA prohibited the sale of food products
Sovereign Foods suttered a $1,500,000 loss when the FDA prohibited the sale of food products containing red dye na 3. On its other products. Sovereign Foods had sales of $6.580,000 and costs and other expenses of $6,505,000. Which of the following statements is in we? Ignore taxes) Multiple Choice Sovereign toods reports anellow 1425.000 for the current year Sovereign Foods reports income from continui corations of 75.000 D Sovereign Foods combines the $1500000 loss with its other costs and expenses of $6,505.000 since this ten does normally for any special disclosure Sovere on Foods shows the $1.000 loss in seperate line of the income statement sur income from continuing operations
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