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Gregg Corp

Question 70

Multiple Choice

Gregg Corp. reported revenue of $1,450,000 in its accrual basis income statement for the year ended June 30, 2015. Additional information was as follows: Gregg Corp. reported revenue of $1,450,000 in its accrual basis income statement for the year ended June 30, 2015. Additional information was as follows: Under the cash basis, Gregg should report revenue of A) $1,035,000. B) $1,050,000. C) $1,305,000. D) $1,335,000. Under the cash basis, Gregg should report revenue of


A) $1,035,000.
B) $1,050,000.
C) $1,305,000.
D) $1,335,000.

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