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during the year, Alpha's operating expenses (not included depreciation) were $90000 of which $20000 cash was pad Alpha also had cash sales of $75000 and
during the year, Alpha's operating expenses (not included depreciation) were $90000 of which $20000 cash was pad Alpha also had cash sales of $75000 and a credit sales of $65000. In addition. alpha purchased a truck on the first day of the current year for $30000 cash that was expected to have a useful life of 5 years and no salvage value (streight line depreciation) What was Alphas's accrual basis and cash basis net income. (ignore income tax )
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