Question
On December 31, 2018, XYZ Co. was owed $100,000 by its customers for work performed to that date. In 2019, the company received $300,000 in
On December 31, 2018, XYZ Co. was owed $100,000 by its customers for work performed to that date. In 2019, the company received $300,000 in cash from its customers, of which $90,000 pertained to the prior years work. On December 31, 2019, customers still owed $75,000. What was XYZ Co.s accrual-basis revenue for 2019?
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The Whole School Audit Development Planning For Primary And Special Schools
Authors: Brian Drakeford
1st Edition
1853465011, 978-1853465017
