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X Company is a service company and prepares monthly financial statements. In March, it billed customers $404,000 for services it provided; in April, it billed
X Company is a service company and prepares monthly financial statements. In March, it billed customers $404,000 for services it provided; in April, it billed customers $353,000 for services it provided. In April, the company received $286,000 from its March customers and $241,000 from its April customers. Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows? both statements, $241,000 Income Statement, $527,000; Statement of Cash Flows, $757,000 Income Statement, $757,000; Statement of Cash Flows, $527,000 O both statements, $353,000 Income Statement, $353,000; Statement of Cash Flows, $527,000 Income Statement, $527,000; Statement of Cash Flows, $353,000
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