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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016

C Chegg Study I G uided salution x e my Husky Net: Welcome x Homepage ACCT 291 sec o x M Wiley PLUS C Secure https:// edugenwileyplus.com/ edugen/student/main uni EE Apps GmyHuskyNet: Welc. Twitter Mail Abdullah Al Mail SCSU Collocation a Amazon zenni optical M Wiley Pl Sign In or Sign Up l Home l Chegg.com LUS Wiley PLUS: MYWleYPLUS i Help i Contact us Wiley PLUS Financial & Managerial Accounting, WileyPLUS Custom Course for St. Cloud State University ACCOUNTING (ACCT 291/292) Home Read, Study & Practice Assignment Gradebook ORION Assignment Open Assignment CALCULATOR MESSAGEMYTNSTRucTOR ULL scREEN PRINTER VERSTON BACK NEXT ASSIGNMENT RESOURCES Exercise 4-5 In its first year of operations, Cullumber Company recognized $31,800 in service revenue, $6,600 of which was on account and still outstanding at year-end. The remaining $25,200 was received in cash from customers. Exercise 4-5 The company incurred operating expenses of $17,100. Of these expenses, $12,830 were paid in cash; $4,270 was still owed on account at year-end. In addition, Cullumber prepaid $2,720 for insurance coverage that would not be used until the second year of operations. Exercise 4-19 a) Calculate the first year's net earnings under the cash basis of accounting, and the first year's net eamings under the accrual basis of accountin Review Score Cash Basis Accrual Basis Review Results by Study Net ective ncome (b) Which basis of accounting (cash or accrual) provides more useful information for decision-makers? Question Attempts: o of 3 used SAVE FOR LATER SUBMITANSWER Copyright 2000-2017 by John Wiley B Sons, Inc. or related companies. All rights reserved License Agreement l Privacy Policy I S 2000-2012 lohn Wilew Sons unga All Rights Reserved. A Division of 2chn Wiley & Sons Inca Version 4.22.3.5
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