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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 65
Wiki Art Gallery (WAG)
Access the Wiki Art Gallery (WAG) instructional case in Connect, and read the case in sufficient depth to answer the following.
WAG reported $140,000 in total revenues in 2011. What amount of cash did WAG collect in 2011 from its customers (artwork buyers and artists)
a. $140,000.
b. $78,400
c. $71,550.
d. $61,650.
Access the Wiki Art Gallery (WAG) instructional case in Connect, and read the case in sufficient depth to answer the following.
WAG reported $140,000 in total revenues in 2011. What amount of cash did WAG collect in 2011 from its customers (artwork buyers and artists)
a. $140,000.
b. $78,400
c. $71,550.
d. $61,650.
Explanation
Verified
Verified
All the sales are not cash sales and hen...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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