Question
Company: $259,000 in sales for the year. $159,000 in expenses paid in cash. Accounts receivable grew from $56,000 to $129,000 from Jan 1 to Dec
Company: $259,000 in sales for the year. $159,000 in expenses paid in cash. Accounts receivable grew from $56,000 to $129,000 from Jan 1 to Dec 31. How do I calculate net income on accrual basis of accounting? On cash basis? Which basis is a better measure for performance?
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Fraud examination
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
4th edition
538470844, 978-0538470841
