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Business, 07.10.2019 21:20 brandon1748

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $22,220 for computer services to be used next month what was the company's accrual basis net income for the month?

select one:
a. $302,000
b. $264,080
c. $ 41,860
d. $408,300
e. none of the above

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Answers: 2

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