Question
YYY Dealership sold Zip and Zap a motor scooter for $3600 in June. YYY paid the manufacturer $1500 for the motor scooter in April. YYY
YYY Dealership sold Zip and Zap a motor scooter for $3600 in June. YYY paid the manufacturer $1500 for the motor scooter in April. YYY received a $900 payment from Zip and Zap in June and will receive the additional $2700 in July.
If YYY used thecash basisof accounting, then:
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
