During 2017, Dish Networks, Inc. earned revenues of $740 million. Expenses totalled $500 million. Dish collected all but $24 million of the revenues and paid $490 million on its expenses. Dish's top managers are evaluating the year, and they ask you the following questions: a. Under accrual accounting, what amount of revenue should the company report for 2017? Is the $740 million revenue earned or is it the amount of cash actually collected? b. Under accrual accounting, what amount of total expense should Dish report for the year$500 million or $490 million? c. Which financial statement reports revenues and expenses? Which statement reports cash receipts and cash payments? a. Under accrual accounting, what amount of revenue should the company report for 2017? Is the $740 million revenue eamed or is it the amount of cash actually collected? The amount of revenue that should be reported for the year is $ million. The revenue recognition principle says to record revenue when it has been regardless of when Therefore, the amount of revenue reported is what Dish b. Under accrual accounting, what amount of total expense should Dish report for the year-$500 million or $490 million? The amount of total expense that should be reported for the year is million. The governs matching expenses against revenues earned. c. Which financial statement reports revenues and expenses? Which statement reports cash receipts and cash payments? reports revenues and expenses. The reports cash receipts and cash payments. The