Question
Rebel Corporation has the following information. Revenue $1,500,000 Returns of goods sold $ 50,000 Cash collected $1,250,000 Cost of goods sold $ 950,000 Other operating
Rebel Corporation has the following information.
Revenue $1,500,000
Returns of goods sold $ 50,000
Cash collected $1,250,000
Cost of goods sold $ 950,000
Other operating expense $ 200,000
Using the accrual system of accounting, how much net revenue would Rebel Corporation report on its income statement?
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
