accuria

Wat vvat S DUOS HOW caule HJULY casno AP 2. Accrual Basis Income versus Cash Basis Income: Surfnet Inc, made $210,000 in sales to customers of which $105,000 was collected in cash. Surfnet incurred $75,500 in expenses, which 40,200 was paid in cash. Required: 210 - 75 = 134 108-40200 = 64,3 a. Determine both the Accural Basis Net Income and the Cash Basis Net Income. b. Determine the Return on Sales ratio for each method. - Adenant reing the Accural Basis of Accounting