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Accrual Accounting Evan Corporation provided consulting services for Kensington Company in 2018. Evan incurred costs of 60.000 associated with the consulting and billed Kensington $130.000.

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Accrual Accounting Evan Corporation provided consulting services for Kensington Company in 2018. Evan incurred costs of 60.000 associated with the consulting and billed Kensington $130.000. Evan paid $40,000 of its costs in 2018 and the remaining $20.000 in 2019. Evan received 545,000 of its billing in 2018. Kensington paid the remaining 385.000 in 2019. Evan reports on the accrual basis of accounting. How much is Evans 2018 and 2019 profit related to the Kensington consulting 2018 5 2019 Check

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