Question
32 2 pts Lawless Company closes its books every month. The company had the following transactions during November 2020: Sales of $5,400 on account .Collected
32 2 pts Lawless Company closes its books every month. The company had the following transactions during November 2020: Sales of $5,400 on account .Collected $2,400 cash from customers for services to be performed in 2021 Paid 1,250 cash for salaries earned in November 2020 Purchased airline tickets for $300 cash for a trip to take place in 2021 What is Lawless Company's net income for November 2020 using accrual accounting? O $4,150 O $3,850 O $6,550 O $6,250 Question 33 + Simon Company has different individuals perform related purchasing tasks. As a result, this O is inefficient. O increases the potential for errors and fraud. O decreases the potential for errors and fraud. O is always cost effective. 2 pts
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