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In 2013, the Turnkey Company had consulting revenues of $1,000,000 while operating costs were $750,000. In 2014, Turnkey will be introducing a new service that
In 2013, the Turnkey Company had consulting revenues of $1,000,000 while operating costs were $750,000. In 2014, Turnkey will be introducing a new service that will generate $150,000 in sales revenues and $60,000 in operating costs. Assuming no changes are expected for the other services, the differential revenue for 2014 will be?
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Fundamental accounting principle
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