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QS 3 - 2 ( Algo ) Computing accrual and cash income LO C 1 In its first year of operations. Roma Comparyy reports the
QS Algo Computing accrual and cash income LO C
In its first year of operations. Roma Comparyy reports the following
Eamed revenues of $$ cash received from customers
Incurred expenses of $ $ cash paid toward theml.
Prepaid $ cash for costs that will not be expensed untir next year
Compute Roma's firstyear net income under the cash basis and the accrual basis of accounting.
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