Question
24. Required information On May 1 of Year 1 Matthew Company collected $2,400 cash for services to be provided for one year beginning immediately. The
24. Required information
On May 1 of Year 1 Matthew Company collected $2,400 cash for services to be provided for one year beginning immediately. The company's fiscal closing date is December 31. Based on this information, the amount of service revenue and the cash flow from operating activities shown on the Year 1 financial statements would be
Service Revenue Cash flow $1,600 $2,400
Service Revenue Cash flow $1,600 $800
Service Revenue Cash flow $2,400 $1,600
Service Revenue Cash flow $1,600 $800
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Swanson On Internal Auditing Raising The Bar
Authors: IT Governance Publishing
1st Edition
1849280673, 978-1849280679
