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The Following Is Selected Information from Alpha-Beta-Gamma Corporation for the Fiscal

Question 231

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The following is selected information from Alpha-Beta-Gamma Corporation for the fiscal year ending October 31, 2014. The following is selected information from Alpha-Beta-Gamma Corporation for the fiscal year ending October 31, 2014.   Based on the accrual basis of accounting, what is Alpha-Beta-Gamma Corporation's net income for the year ending October 31, 2014? A)  $194,000. B)  $114,000. C)  $62,000. D)  $130,000. Based on the accrual basis of accounting, what is Alpha-Beta-Gamma Corporation's net income for the year ending October 31, 2014?


A) $194,000.
B) $114,000.
C) $62,000.
D) $130,000.

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