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IFRS Wong Ho Company had the following transactions during 2016: Sales of 11,000 on account Collected 4,000 for services to be performed in 2017 Paid

IFRS Wong Ho Company had the following transactions during 2016:

Sales of 11,000 on account

Collected 4,000 for services to be performed in 2017

Paid 1,250 cash in salaries

Purchased airline tickets for 500 in December for a trip to take place in 2017

What is Wong Hos 2016 net income using accrual accounting?

a. 9,750.

b. 13,750

c. 13,250

d. 9,250.

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