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Accrual Accounting Evan Corporation provided consulting services for Kensington Company in 2015. Evan incurred costs of $60,000 associated with the consulting and billed Kensington $90,000.
Accrual Accounting Evan Corporation provided consulting services for Kensington Company in 2015. Evan incurred costs of $60,000 associated with the consulting and billed Kensington $90,000. Evan paid $40,000 of its costs in 2015 and the remaining $20,000 in 2016. Evan received $45,000 of its billing in 2015. Kensington paid the remaining $45,000 in 2016. Evan reports on the accrual basis of accounting. How much is Evan's 2015 and 2016 profit related to the Kensington consulting? Question 3 Not complete Marked out of 2.00 P Flag question Accrual Accounting Evan Corporation provided consulting services for Kensingta on the accrual basis of accounting. How much is Evan's 2015 and 2016 profit related to the Kens 2015 $ 2016 $ Check
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