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I think I have the accrual side correct but not sure on the cash basis side In its first year of operations, Roma Company.r reports
I think I have the accrual side correct but not sure on the cash basis side
In its first year of operations, Roma Company.r reports the following. - Earned revenues of $63,00- {$55,001:} cash received from customers}. - Incurred expenses of$34,500 {$26,550 cash paid toward them}. - Prepaid $11,250 cash for costs that will not be expensed until next year. Compute Roma's first-year net income under the cash basis and the accrual basis of accounting. 5 sand: it 153.com 5 4?,{lfr 1'5 23,5110Step by Step Solution
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