Multiple Choice
Wang Company had the following transactions during 2013:
-Sales of $10,800 on account
-Collected $4,800 for services to be performed in 2014
-Paid $3,100 cash in salaries for 2013
-Purchased airline tickets for $600 in December for a trip to take place in 2014
What is Wang's 2013 net income using accrual accounting?
A) $8,300
B) $13,100
C) $12,500
D) $7,700
Correct Answer:
Verified
Correct Answer:
Verified
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