ch 3 #2

Ounng 2021, Geson Network, Inc, which des gns network servers, earned rovenues of $780 million. Expenses totaled $ Ee0 million. Gibson collected al but $30 million of the reven Read the reguremants Requirement a. Under acerual accounting, what amount of revence should Gibeon roport for 2021 How does the revenue principle help to answer this question? The amount of revenus that should be meorted for the year in makions is The irvanat of revine that whode be mpotes tor the year in milions a Requirements - Under aconal accounting. What amount of erremie ahould cibsen repon for b. Under wochyal actounthe wher unsunt of fots ewerse should Gitaon report for 2021 ? Which acoourting pwopie helpt bo evewer itit evelifon? fon the caph bevin d. Which fravial statenem repets methues and expestet? Which itakmant mpets caih recepts and cenh pepments