Question
Duplicating Co. opened a new business location on April 1. During April, Duplicating Co. sold $75,000 of copies for cash along with $140,000 of copies
Duplicating Co. opened a new business location on April 1. During April, Duplicating Co. sold $75,000 of copies for cash along with $140,000 of copies on account to customers. Payments collected from these customers amounted to $106,000 during April, with the balance to be collected during May. How much revenue should Duplicating Co. report on its April income statement?
Select one:
A. $181,000
B. $296,000
C. $215,000
D. $ 75,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
