Question
Bramble Corp. had the following transactions during 2017: Sales of $8820 on account Collected $3920 for services to be performed in 2018 Paid $3680 cash
Bramble Corp. had the following transactions during 2017:
Sales of $8820 on account
Collected $3920 for services to be performed in 2018
Paid $3680 cash in salaries for 2017
Purchased airline tickets for $490 in December for a trip to take place in 2018
What is Bramble's 2017 net income using accrual accounting?
$5630
$5140
$9550
$9060
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Financial Accounting
Authors: Robert Libby, Patricia A Libby
7th Edition
0078111021, 9780078111020
