During 2 0 X 7 , New Company earned service revenues amounting to $ 2 0 0 , 0 0 0 , of which $ 1 2 0 , 0 0 0 were collected in cash the balance will be collected in January 2 0 X 8 The 2 0 7 statement of earnings of the company should report which of the following amounts for service revenues Multiple Choice $ 8 0 , 0 0 0 $ 1 2 0 , 0 0 0 $ 2 0 0 , 0 0 0 $ 3 2 0 , 0 0 0

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During 2 0 X 7 , New Company earned service revenues amounting to $ 2 0 0 , 0 0 0 , of which $

During

20

7,

New Company earned service revenues amounting to $

200, 000,

of which $

120, 000

were collected in cash; the balance will be collected in

January

20

8 .

The

20 7

statement of earnings of the company should report which of the following amounts for service revenues?

Multiple Choice

80, 000 .

120, 000 .

200, 000 .

320, 000 .

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