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dusa webapps/assessment/take/take.jsp?course assessment_id=_84124_1&course_id=_31202_1&content_id=_967844_1&questio... Remaining Time: 43 minutes, 43 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. Question 3 of
dusa webapps/assessment/take/take.jsp?course assessment_id=_84124_1&course_id=_31202_1&content_id=_967844_1&questio... Remaining Time: 43 minutes, 43 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. Question 3 of 20 Question 3 1 points Save Answer On June 1. Royal Co. began operating a service company with an initial cash investment by shareholders of $2,000,000. The company provided $6,400,000 of services in June and received full payment in July. Royal also incurred expenses of $3,000,000 in June that were paid in August. During June, Royal paid its shareholders cash dividends of $1,000,000. What was the company's income before income taxes for the two months ended July 31 under the following methods of accounting? Cash Basis Accrual Basis $3.400.000 $3,400,000 B Cash Basis $5,400,000 Accrual Basis $2.400.000 Cash Basis $ 6 400.000 Accrual Basis $ 3.400.000 Cash Bass 56.400 000 hoorual Basis $ 2 400 000 to prevents changes to the answer Question 3 of 20 3:18 PM 9/29/2020 ENG
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